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Feed Pea Benchmark December 14 2012 (Dec 13, 2012)
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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


 
 
 
 
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