MS_GR215  

Minneapolis, MN         Tue March 17, 2020          USDA Market News

Minnesota Feedstuffs - Prices for the week ending Tuesday, March 17, 2020
**All prices are quoted per ton, unless otherwise noted. **

Oilseed and Animal feedstuffs were mixed this week 

Oilseeds:
The May Soybean Meal futures closed 3.60 lower at 298.30, July closed 9.50 lower at 
296.50. The May Soybean Oil futures closed 243 points lower at 25.24 cents per pound, 
July closed 243 points lower at 25.59 cents per pound. The Rail delivery of high 
protein Soybean Meal in Minnesota was 1.40 to 3.40 higher at 283.30, the basis was 
5.00 to 7.00 higher from at 15.00 under the May Soybean Meal futures. Linseed Meal, 
34 pct protein was 10.00 to 15.00 lower from 235.00-275.00 in the North Dakota-
Minnesota area. Sunflower Meal, 13 pct fiber, 34 pct protein was mixed, 5.00 lower to 
5.00 higher from 175.00-185.00 in the North Dakota-Minnesota area. Canola Meal was 
1.40 higher from 198.30-218.30, the basis was 5.00 higher from 100.00 to 80.00 under 
the May Soybean Meal futures. Soybean Oil in Minnesota was 193 to 243 points lower at 
25.24 cents per pound, the basis was steady to 50 points higher at 0 points over the 
May Soybean Oil futures.

Animal Protein: 
   Meat and Bone Meal, 50 pct protein was steady to 5.00 lower from  200.00-215.00; 
Pork was steady from 235.00-245.00.  Yellow Grease was steady to 50 points lower 
23.00-24.00 cents per pound. Choice White Grease was steady to 100 points lower from 
24.00 to 26.50 cents per pound. Feather Meal was steady from 325.00-335.00.  Ruminant 
Blood Meal was steady from 850.00-900.0; Pork was steady from 925.00-1015.00.

Millfeeds:
  Wheat Middlings were steady to 2.00 higher from 78.00-100.00.

Bids/Offers prices are bulk per ton, in carlots unless specified. 
Animal ingredients are delivered MPLS, other ingredients are FOB.
                                      
                              This Week       Last Week       Last Year    
Soybean Meal, 46.5 pct (R)    283.30          279.90-281.90   274.80-276.80
Linseed Meal, 34 pct          235.00-275.00   250.00-285.00   235.00-235.00
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                175.00-185.00   170.00-190.00   165.00-215.00
Canola Meal, 36 pct protein   198.30-218.30   196.90-216.90   Ltd 230.80
Soybean Crude Oil,  
 Cents per pound              25.24           27.17-27.67     28.74-29.99
Meat and Bone Meal, 50 pct    200.00-215.00   200.00-220.00   Not Established
Feather Meal, 80 pct          325.00-335.00   325.00-335.00   Not Established
Yellow Grease, 
   Cents per pound            23.00-24.00     23.00-24.50     19.00-20.50  
Choice White Grease
   Cents per pound            24.00-26.50     25.00-26.50     Not Established
Wheat Middlings               78.00-100.00     73.00-93.00     82.00-105.00 

Source:  USDA Market News Service, Minneapolis, MN
         LPGMN 612-370-3258 Minneapolis.LPGMN@ams.usda.gov
         24 hour recorded market information 612-370-3260
         www.ams.usda.gov/mnreports/MS_GR215.txt
         www.ams.usda.gov/lsmarketNews