Grains, oilseeds, specialty crops, cattle and hogs. In almost all cases, the price levels are substantially better than they were a year ago. The Saskatchewan Ministry of Agriculture publishes a report that compares current commodity prices to those of the previous year. Feed barley at about $3.50 a bushel is a full dollar above last year. Current canola prices of well over $12 are more than $4 better than last year at this time. Yellow mustard is 31 cents versus 22 last year. Canaryseed is 26 cents versus 16. Yellow peas are $7.25 a bushel as compared to less than $5. Red lentils are a notable exception. They’re currently at around 20 cents versus 28 cents last year. Cattle prices have seen a major improvement over the past year. Feeder steers in the 700 to 800 pound weight range are averaging about $1.27 a pound as compared to just $1.00 a pound a year ago. D1 – D2 cows are averaging 73 cents, more than 20 cent a pound higher than last year. Hog prices are sitting in profitable territory at about $150 per CKG, versus $127 at this time last year. For the grains industry, an important report will be released tomorrow. The March 31 USDA Grain Stocks and Prospective Plantings Report could be a market mover.
I’m Kevin Hursh.
DynAgra, an independent Western Canada-based Company, is dedicated to providing growers with the tools to manage the risk and maximize the profitability of their farm business through the continued innovation of agricultural products and services. We are committed to developing and providing growers with the latest in precision agronomics, variable rate technology, soil fertility, crop protection, fertilizers, custom application and financial solutions.