Premiums for malt over feed are not appealing at present. Looks like the cattle will have something to eat after all
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Malt-what everbody has ain't worth having
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Well what do you expect?
Beer is so cheap they can't keep subsidizing us to grow barley for beer they are losing money on.
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Malt is an interesting beast.
They only ever take the best barley that is out there in a given year.
On a low quality year they will malt barley that is only really feed quality. On a year like this one where most of it is malt quality we are going to be feeding a lot of malt barley.
You'll probably see them take most of what guys have on production contracts and then top up with only the best of non-contract malt barley.
Premium values will likely be down considerably as the pool to pull from is now one of the biggest in a number of years.
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