Feed Pea Benchmark December 14 2012

Dec 13, 2012

Feed Pea Benchmark December 14 2012
====================================

	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

Video: Connected Climate Exchange

Trimble’s climate market solution, Connected Climate Exchange, enables businesses to quantify their sustainability efforts through verified data tracking and aggregation.

Feed Pea Benchmark December 14 2012

Trending Video

Video: Connected Climate Exchange

Business News by Better Farming

General News by Better Farming

Forums by Agriville.com

Machinery News by Better Farming

Crop News by Better Farming

Livestock News by Better Farming

Sponsored Links: