we have all heard about the huge flooding in wisconsin and indiana that wiped out everything...they say it took out huge amounts of this years corn...will the feed price shoot through the roof?
is feed gonna go through the roof?
- Thread starter thechickman04
- Start date
Canada has plenty of corn for sale.
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- Thread starter
- #3
i just hope it doesnt
Yes it will. Alot of farmers havent planted because of the wet weather, some will have to replant because of the same. Corn price jumped last week quiet a bit, because of this.
We are buying corn at my feed mill here in Ontario for $266 CAD per tonne. Compare that price just a few months ago at $160.
I am lucky that I work at a feed mill, I get most of my feed for free.
I am lucky that I work at a feed mill, I get most of my feed for free.
Today elevators were contracting new crop corn for .38 cents higher on the bushel than todays market @ 6.80 per bushel. Thanks to ethanol
Quote:
Only for the moment. International buyers are starting to really press for more direct access to buy feed crops. If it goes too much further we are going to be looking at unreal prices ourselves and increased feed costs. Have you noted how much hay $$ has increased in the past month alone and who is buying it up in advance? Same thing is happening with other crops.
Only for the moment. International buyers are starting to really press for more direct access to buy feed crops. If it goes too much further we are going to be looking at unreal prices ourselves and increased feed costs. Have you noted how much hay $$ has increased in the past month alone and who is buying it up in advance? Same thing is happening with other crops.
Quote:
While Ethanol Production has added to the cost of Corn, it is not the sole reason for the record high prices we are seeing right now. The failed wheat crop the last 2 or 3 years in Australia lead to record high wheat prices, worldwide demand for feed grains is at an all time high (Thank You China and India), and the horrible weather in the Western Cornbelt have all contributed to the high prices for corn and soybeans.
It is easy bto blame the Ethanol Industry, but that is too simplistic and flawed.
Jim
While Ethanol Production has added to the cost of Corn, it is not the sole reason for the record high prices we are seeing right now. The failed wheat crop the last 2 or 3 years in Australia lead to record high wheat prices, worldwide demand for feed grains is at an all time high (Thank You China and India), and the horrible weather in the Western Cornbelt have all contributed to the high prices for corn and soybeans.
It is easy bto blame the Ethanol Industry, but that is too simplistic and flawed.
Jim
Lazy J Farms Feed & Hay :
Quote:
While Ethanol Production has added to the cost of Corn, it is not the sole reason for the record high prices we are seeing right now. The failed wheat crop the last 2 or 3 years in Australia lead to record high wheat prices, worldwide demand for feed grains is at an all time high (Thank You China and India), and the horrible weather in the Western Cornbelt have all contributed to the high prices for corn and soybeans.
It is easy bto blame the Ethanol Industry, but that is too simplistic and flawed.
Jim
The cheap US Dollar has increased exports world wide. Speculators have and are pushing the market, as they are being scotched by the ethanol frenzy. What do I care we have close to 400ac in production.
Quote:
While Ethanol Production has added to the cost of Corn, it is not the sole reason for the record high prices we are seeing right now. The failed wheat crop the last 2 or 3 years in Australia lead to record high wheat prices, worldwide demand for feed grains is at an all time high (Thank You China and India), and the horrible weather in the Western Cornbelt have all contributed to the high prices for corn and soybeans.
It is easy bto blame the Ethanol Industry, but that is too simplistic and flawed.
Jim
The cheap US Dollar has increased exports world wide. Speculators have and are pushing the market, as they are being scotched by the ethanol frenzy. What do I care we have close to 400ac in production.
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