Alberta and Saskatchewan Pulse Growers Launch a New & Improved Feed Pea Benchmark JUN 9 2015 | Producers | News Release
The Alberta Pulse Growers (APG) and Saskatchewan Pulse Growers (SPG) are re-launching the Feed Pea Benchmark with additional feed ingredient comparisons for Alberta, Saskatchewan and Manitoba.
“We are pleased to re-launch the Feed Pea Benchmark with updated information current to today’s feed rations,” said APG Chair Allison Ammeter. “This is a good tool for the marketplace and growers who are looking at a feed option for their field peas.”
The benchmark prices are intended for use as a pricing reference for buyers and sellers of feed peas by providing an indication of the “feeding value” of peas. “The prices represent the point at which peas start to become an economically feasible feed ingredient for swine,” explains Tim Wiens, Chair of SPG. “The reason swine is used to determine the benchmark is because most of the peas that go to feed markets in Western Canada end up in swine diets.”
The Feed Pea Benchmark provides a consistent, unbiased estimate of the feeding value of dry peas in Central Alberta (Red Deer & area), Central Saskatchewan (Saskatoon & area) and Southern Manitoba (Winnipeg & area), based on the value of competing feed ingredients in swine rations. Feed peas trade at various differentials to the benchmark based on local supply/demand, quality differences and other contract terms.
Bi-weekly, tradable prices of the major feed ingredients are collected for the three regions. These prices are then entered into a least cost feed formulation that is typical for grower-finisher swine in Western Canada. A feeding value is then derived for feed peas based on their nutritional characteristics and the prices of the other competing feed ingredients. The least cost feed formulation was reviewed with the assistance of Gibson Capital in consultation with the Prairie Swine Centre and Gowans Feed Consulting.
The Feed Pea Benchmark will be posted every two weeks at www.pulse.ab.ca and www.saskpulse.com, and made available in APG’s bi-weekly e-newsletter Pulse Check and SPG’s monthly Pulse Market Report.
The Alberta Pulse Growers Commission represents 5,000 growers of field pea, dry bean, lentil, chickpea, faba bean and soybean in Alberta. APG’s vision is to have Alberta pulses recognized by consumers as environmentally friendly, healthy, nutritious, and recognized by all producers as being an essential element in a sustainable cropping system.
Accountable to and funded by growers, SPG’s strategic direction is guided by a seven member, grower-elected, Board of Directors. SPG’s mission is to provide leadership and create opportunities for profitable growth for the Saskatchewan pulse industry.
For more information, please contact:
Alberta Pulse Growers
T 780.986.9398 ext. 3
Saskatchewan Pulse Growers