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Western Canadian feedlots are paying record prices for feed barley, reported at $430-$455 per tonne delivered in January. Imported U.S. corn was available at $410-$430 per tonne delivered in southern Alberta, which is making corn competitive in western Canadian feed channels.
Barley's high price is rationing demand and pushing buyers toward U.S. corn, which lowers barley demand while lifting corn imports. Feedlot competitiveness is expected to favor U.S. feedlots until September.
grainews.caJerry KlassenFeb 11, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
