Feed Pea Benchmark December 14 2012
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	Central Alberta (Red Deer & Area) Cdn$/MT		Central Saskatchewan (Saskatoon & Area) Cdn$/MT		Southern Manitoba (Winnipeg & Area) Cdn$/MT
Feed Pea Benchmark Price	$325 - $330		$310 - $330		$325 - $335
Competing Feed Ingredients:
Barley (feed)	$267.00		$252.00		$278.00
Wheat (feed)	$305.00		$300.00		$310.00
Corn	$325.00		$295.00		$278.00
Corn DDGS	$335.00		$326.00		$290.00
Canola Meal	$315.00		$288.00		$325.00
Soybean Meal (46%)	$555.00		$540.00		$525.00

- The feed pea benchmark report is published every 2nd Friday. All prices are in Canadian dollars per metric tonne.

- The above feed grain and meal prices are based on average prices for Monday to Thursday of the week indicated.

What is the feed pea benchmark?

Thefeedpeabenchmarkisintendedtobeusedasapricingreference.Thisbenchmarkprovidesaconsistentandunbiasedestimateofthefeedingvalueofpeasinthethreeregionsshown.Itisnotexpectedthatfeedpeapriceswillconvergetothebenchmarkvalue,butratherthatfeedpeaswilltrade at various differentials to the benchmark based on local supply/demand, quality differences and other contract terms.

How is it calculated?

ThefeedpeabenchmarkisanestimateofthefeedingvalueofdrypeasinWesternCanada,basedonthevalueofcompetingfeedingredientsinswinerations.Bi-weekly,tradablepricesofthemajorfeedingredientsarecollectedforthethreeregionsshownabove.Thesepricesarethenenteredintoaleastcostfeedformulationthatistypicalforgrower-finisherswineinWesternCanada.Afeedingvalueisthenderivedforfeedpeasbasedontheirnutritionalcharacteristicsandthepricesoftheothercompetingfeedingredients.TheleastcostfeedformulationwasdevelopedinconsultationwiththePrairieSwineCenterandtheFeedPeaNetwork.Inadditiontothefeedingredientsshownabove,thefeedformulationalsoincludes canola oil, synthetic lysine, synthetic methionine, synthetic threonine, mono-dicalcium phosphate, limestone, salt, vitamins and minerals.

Source: Alberta Pulse Growers