Feed Barley

[grassfarmer]

....US farmers have a point !! we take all your beef yes !
but Canada can not take milk or dairy product and chicken from US NO !!!

So how do you explain the fact that the US exports more in dairy products to Canada than it imports? According to data supplied by BOTH the Canadian and US governments. The US surplus with Canada was $376 million in 2016.

[GDR]

Certainly, dry conditions south of #1 hwy, plus expected China export demand plus a strong flow of U.S. feeders entering Alberta should keep the feed market hot. There will likely be U.S. corn shipped into southern Alberta.

Alberta fat cattle have maintained a sizable premium over the Nebraska cash market. This is encouraging feeding here. Feed prices may surge over malt.

Hope this helps . . . .

Errol why are us feeders coming here now? Has to be way cheaper to feed in US? And our dollar isn't that great for buying US calves, or is it still us buyers owning the feeders and contract feeding here?And doesn't the us have more slaughter capacity than we do anyhow.

[GDR]

big barley yield in s ab on irrigation 120 bush and better
have to be ! at 2 million / 150 to 160 irrigated pivot land no building!!!!
talk about sugerbeet crop of 35 to 38 ton /acre.

I do think those yields are somewhat normal on irrigated land but was down south last week and thought even the irrigated crops did not look as good as they have other times I've been there. Anyone from irrigation country have any comments on local crops?? Lots of barley coming off as silage down there right now.

[errolanderson]

Errol why are us feeders coming here now? Has to be way cheaper to feed in US? And our dollar isn't that great for buying US calves, or is it still us buyers owning the feeders and contract feeding here?And doesn't the us have more slaughter capacity than we do anyhow.

True, but the Alberta fat cattle basis is at a stiff premium to the U.S. cash. Cheaper U.S. corn is apt to make its way into the Picture Butte market over the next few months. But the dynamics of our feed market heading into fall appears quite bullish.

The Cdn dollar is a factor. We are mildly bullish the loonie, providing our key gov't officials stop tweeting about other countries and pissing them off.

But like all bull markets, barley prices will get too high and then eventually correct lower, but that's down the road aways.

We did not see this hot feed market coming this early in the crop year, but it's coming. . . .