Feed Cost Commentary

Updated: March 2026

Feed costs continue to trend higher in the near term, reflecting recent strength in local grain markets. According to the latest feed cost report, total feed cost is now sitting at approximately $131 per pig, up from February levels.

Market Overview

Feed grain prices in Alberta have moved higher over the past two weeks, with both wheat and barley increasing by roughly $10–$15 per tonne. This recent strength is being driven by a combination of:

• Stronger export movement

• Steady domestic livestock demand

• Tighter nearby grain movement, as producers become less aggressive sellers ahead of spring seeding

While this has supported nearby pricing, it reflects short-term dynamics rather than a fundamental shift in supply.

Supply Outlook

Despite the recent rally, the broader Prairie market remains reasonably well supplied. Current inventories and overall production levels suggest that sustained upside may be limited unless market conditions change.

Key factors that could influence direction include:

• Weather concerns during the upcoming growing season

• A meaningful increase in export demand

Absent these triggers, the market is expected to remain relatively balanced.

Strategic Considerations

In the current environment, maintaining nearby feed coverage remains a practical approach. At the same time, flexibility is important, as several external factors could shift pricing, including:

• Freight costs

• Currency movement

• Changes in export demand

Key Takeaway

While feed grain prices have strengthened in the short term, the overall market remains well supplied. Producers should plan for stable to moderately firm pricing, while staying responsive to changing market signals heading into spring.

This commentary is updated monthly to provide timely insight as market conditions evolve.