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Little Change in Feed Pea Values
VANCOUVER - Feb 17/06 - SNS -- European fed pea markets ended the week unchanged to slightly firmer, while North American markets were nominally unchanged.
Feed ingredient markets are still trying to adjust to a new world. News of renewed attacks on oil pipelines and foreign companies in Nigeria heightened the markets sense that the U.S. will try harder to more quickly develop its emerging ethanol and biodiesel industries.
That will create additional demand for corn, canola and soybean, which could lift prices across the feed ingredient complex. To the extent such changes offer long term support to North American feed peas, growers will be encouraged to stick with that product and both North American domestic and export demand for the product could grow.
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