Feed Barley Closing in on Malt

[charliep]

Just curious what has changed. Selection process the
same. Contract terms the same except only 2
signatories this time (no CWB). Buyers the same.
Same delivery locations

New world. Offered $4.84/bu. You can make a
decision based on the price and your
relationship/level of trust with the selector.

Old world. First PRO in February - a forecast and not
a price. Malt cash plus - 90 % of the price paid the
maltster ($4.50/bu if assume $5/bu). You get paid
35 cents in a final payout. No change to anything
else.

[errolanderson]

hobbyfrmr . . . I agree with you
totally. The grower takes on too much
risk to satisfy the maltster. The price
is far too low to compensate for this
marketing risk.
Too often, growers miss out on a hot
feed market only to see a sample
rejected.

And this is a hot feed market right now
that currently has a shelflife on it. I
would suggest to growers that are
uncertain about their malt to move it
into the feed market ASAP. Not worth the
market risk at times.

Errol