Feed Grains: Alberta feed wheat prices weaken

By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian
and world feed grains markets on Friday, August 11.
Feed wheat bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$211 to C$230 per tonne range
as of August 11, which was 17 dollars lower compared to the
previous week, according to the latest pricing information from
the provincial government. Feed barley prices were roughly two
lower, at C$190 to C$200 per tonne in Lethbridge.

Bids for feed wheat in Saskatchewan were holding steady,
according to the latest information from the Prairie Ag Hotwire.
Prices are listed at C$3.05 to C$5.20 per bushel.
Prices for oats in Manitoba were keeping firm, according to
the Hotwire. Prices are listed at C$2.79 to C$3.16 per bushel.
Oat prices in North Dakota are down five cents to C$2.49 a
Approximately 11 percent of the United States is in
moderate drought or worse, according to the US Drought Monitor’s
latest report. Much of Montana along with sections of Nebraska,
Kansas and the Dakota’s have been drier than normal for the past
two or three months. Roughly half of the country’s spring wheat
crop was also considered to be in drought, according to the
Chicago Board of Trade corn futures rose three to four
cents stronger on Friday in corrective trade. The USDA projected
corn yields of 169.5 bushels an acre in the US which surprised
many. However, many analysts don’t believe the yields are
actually that high due to the scorching heat the crop has been
through this year. Signs of bird flu in the Philippines could
also be bad news for the livestock feed sector.


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