Feed Grains

[farming101]

Just not seeing how corn is coming to Canada in any big way.
Basis is plus .50 to .80 or even higher in the heart of corn country. How is western Canada going to compete against that?

[GDR]

Got a text the other day offering $8.30 for barley. Added was the comment corn was
coming in as buyers look for replacement feed, suggesting we be at the top for feed grain
prices. I think grain prices are still too low considering inflation in the last year and yields
around the world.

My impression is that the threat of bringing corn in is a tactic used to pressure sales and keep a lid on prices. I hear it all the time. Yes some corn is shipped in but is not the preferred feed and often logistics dont work out as planned and guys get stuck buying spot grain to cover needs at higher prices.

[BreadWinner]

Be very careful, feed lots and pig barns are full of cattle and pigs bought with the assumption of cheap feed grains.

[AlbertaFarmer5]

This is not an idle threat. New crop corn is already booked to start arriving in October by the unit train. And it won't be cheap, equivalent of just under $8 barley delivered to end users in southern AB.
But it will be necessary. There truly isn't enough feed grain to go around this year. For the sake of the future of our livestock sector, and future demand for our feed grains, this is a good thing.

Hand to mouth until then, but that will cap feed grain prices from then on. And hopefully end users can survive another year.

[shtferbrains]

Cargill will keep the line running even if they have to own every fed calf a bring in all the feed to finish it.

I assume JBS will be the same.

[AlbertaFarmer5]

The real wild card as usual will be China. Have they been kicking the can and lying about their crops and stocks again as usual, and will need to come to the market in a big way again? Brazil has basically no corn for export with their disaster this year.
If the US has a trend line corn crop or less, and we have to compete with China for the exportable bushels, we could still see feed grains go higher yet up here.
Otherwise, the current values ( farmgate) are higher than where they will be once corn starts arriving in a big way.

[Partners]

How much will the malt companies be willing to pay, they should have deep pockets.
You’d think supply would be tight, lots of skinny seeds out there.

Going up every day
8 bucks now
10 or more here we come.

[walterm]

How much will the malt companies be willing to pay, they should have deep pockets.
You’d think supply would be tight, lots of skinny seeds out there.

Wonder how much room they really have to move on quality factors? I've seen some pretty bad stuff accepted and some pretty nice stuff rejected.

[GDR]

Wonder how much room they really have to move on quality factors? I've seen some pretty bad stuff accepted and some pretty nice stuff rejected.

Had a rep stop by today and said they are being told to send germ samples away on feed barley as may be buying feed as malt....legitimately this time.

[furrowtickler]

All grain Companies and brokers have made a fortune off farmers the past few years .... they can afford a squeeze 10x

Don’t let them screw you
There are other places to do business next year