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Idaho Barley Commission representative Wes Hubbard reports that dry conditions have made the start of the season difficult for barley growers in Idaho, despite good planting conditions. Feed barley prices are close to last year's levels, with some indications they could reach $200 per ton or more.
Growers say barley needs rain soon to avoid trouble.
Drought in the western US could reduce barley yields and tighten local feed supply, which would support prices. Corn's price rally also strengthens the case for barley as a feed alternative.
aginfo.netMay 25, 2021Not 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.
