MS_GR215  

Minneapolis, MN         Tue March 24, 2020          USDA Market News

Minnesota Feedstuffs - Prices for the week ending Tuesday, March 24, 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 33.80 higher at 332.10, July closed 28.10 higher 
at 324.60. The May Soybean Oil futures closed 131 points higher at 26.55 cents per 
pound, July closed 125 points higher at 26.84 cents per pound. The Rail delivery of 
high protein Soybean Meal in Minnesota was 33.80 to 35.80 higher from 317.10-319.10, 
the basis was steady to 2.00 higher from 15.00 to 13.00 under the May Soybean Meal 
futures. Linseed Meal, 34 pct protein was mixed, 10.00 lower to 15.00 higher from 
250.00-265.00 in the North Dakota-Minnesota area. Sunflower Meal, 13 pct fiber, 34 
pct protein was mixed, 5.00 lower to 5.00 higher from 170.00-190.00 in the North 
Dakota-Minnesota area. Canola Meal was 33.80 to 48.80 higher from 232.10-267.10, the 
basis was steady to 15.00 higher from 100.00 to 65.00 under the May Soybean Meal 
futures. Soybean Oil in Minnesota was 131 to 181 points higher from 26.55-27.05 cents 
per pound, the basis was steady to 50 points higher from option (0) to 50 points over 
the May Soybean Oil futures.

Animal Protein: 
   Meat and Bone Meal, 50 pct protein was 10.00 to 25.00 higher from 210.00-240.00; 
Pork was mixed, 10.00 lower to 20.00 higher from 225.00-265.00.  Yellow Grease was 
200 to 300 points lower from 20.00-22.00 cents per pound. Choice White Grease was 300 
to 450 points lower from 19.50 to 23.50 cents per pound. Feather Meal was steady from 
325.00-335.00 instances 435.00.  Ruminant Blood Meal was 25.00 to 75.00 higher from 
875.00-975.00; Pork was steady to 35.00 lower from 925.00-975.00.

Millfeeds:
  Wheat Middlings were 2.00 to 10.00 lower from 76.00-90.00.

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)    317.10-319.10   283.30          275.00-283.00
Linseed Meal, 34 pct          250.00-265.00   235.00-275.00   235.00-250.00
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                170.00-190.00   175.00-185.00   165.00-215.00
Canola Meal, 36 pct protein   232.10-267.10   198.30-218.30   Ltd 236.00
Soybean Crude Oil,  
 Cents per pound              26.55-27.05     25.24           28.15-29.40
Meat and Bone Meal, 50 pct    210.00-240.00   200.00-215.00   225.00-230.00
Feather Meal, 80 pct          325.00-335.00   325.00-335.00   440.00-475.00
Yellow Grease, 
   Cents per pound            20.00-22.00     23.00-24.00     18.00-20.00  
Choice White Grease
   Cents per pound            19.50 -23.50    24.00-26.50     21.00-22.50
Wheat Middlings               76.00-90.00     78.00-100.00    80.00-95.00 

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