Faba Bean Feed Benchmark Jun 22/19

Grain prices have remained very strong across the prairies given drought conditions in the prairies and significant moisture in the Midwest. There has been rain in key parts of Alberta and Saskatchewan to relieve some pressure on pricing, but that is being counteracted by futures prices increasing today. Proteins have moved up the last couple weeks due to a combination of increasing futures prices and greater demand then expected for DDGS with beef packers dragging contracts and more cattle in lots. Feed peas have continued to bring values to rations at delivered prices of approximately $260-265 Red Deer, $255-260 Saskatoon area, with slightly higher prices in Manitoba.

 

AB: $350

SK: $345

MB: $338

* Models have been updated to reflect the latest nutrient compositions of feed ingredients, which is done periodically.