Source:
Agriculture and Agri-Food Canada
Bi-weekly Bulletin
Volume 18 Number 19

Complete report in PDF format: http://www.seedquest.com/News/releases/2005/pdf/14230.pdf

SUMMARY

Over the past 20 years, the demand for western Canadian feed barley has shifted dramatically from the export market to the domestic feed market, as the livestock sector in Western Canada expanded and international competition intensified. For 2005-2006, domestic feed demand is expected to be strong, due to larger inventories of cattle and hogs and the partial opening of the United States (US) border to Canadian beef and cattle. However, larger domestic supplies of barley with below average quality, lower US corn prices, and the strong Canadian dollar are projected to depress the Lethbridge feed barley price to $110 per tonne (/t), the lowest in 10 years. For exports, despite lower world corn prices, world feed barley prices strengthened early in the crop year, because of tighter exportable supplies from major exporters. The strong Canadian Wheat Board (CWB) Pool Return Outlook (PRO) relative to the domestic off-Board price has attracted large deliveries to the CWB which, when combined with less competition overseas and a wider spread of export over domestic prices, has provided export opportunities for Canada.

Complete report in PDF format: http://www.seedquest.com/News/releases/2005/pdf/14230.pdf