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Kevin Hursh on Agriculture: Hursh Comment

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Price comparison

Posted in Uncategorized by Kevin Hursh
Mar 30 2011

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.

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Ag Resources

  • AgriBiz Communications
  • Agriculture Canada Drought Watch
  • Canadian Cherry Producers
  • Canadian Grain Commission
  • Canadian Western Agribition
  • Canaryseed Development Commission of Saskatchewan
  • Crop Production Week
  • Farm Credit Canada
  • Inland Terminal Association of Canada
  • Saskatchewan Agricultural Hall of Fame
  • Saskatchewan Institute of Agrologists
  • Saskatchewan Ministry of Agriculture
  • Saskatchewan Mustard Development Commission
  • The Western Producer
  • US Department of Agriculture
  • Weather Office
  • Western Beef Development

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