Feed Pea Benchmark December 14 2012

Dec 13, 2012

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

Video: In the Field Update, Rangeland Conditions

As our crew was heading toward Burwell, we had the opportunity to catch up with a local producer in the Valley County area, to see how things are shaping this growing season in the heart of Husker country. Here is our conversation with Jay Knapp of Knapp Farms.