MS_GR215    

Minneapolis, MN         Tue Jun 23, 2020          USDA Market News

Minnesota Feedstuffs - Prices for the week ending Tuesday, June 23, 2020
**All prices are quoted per ton, unless otherwise noted. **

Oilseed and Animal feedstuffs were mostly lower this week 

Oilseeds:
The July Soybean Meal futures closed 1.60 lower at 286.30, August closed 1.70 lower 
at 288.30 and September closed 2.50 lower at 289.00. The July Soybean Oil futures 
closed 18 points higher at 28.17 cents per pound, August closed 19 points higher at 
28.37 cents per pound and September closed 21 points higher at 28.53 cents per pound. 
The Rail delivery of high protein Soybean Meal in Minnesota was mixed, 1.60 lower to 
40 cents higher from 274.30-276.30, the basis ranged 14.00-12.00 under the August 
Soybean Meal futures. Linseed Meal, 34 pct protein was 5.00 lower with limited trade 
at 245.00 in the North Dakota-Minnesota area. Sunflower Meal, 13 pct fiber, 34 pct 
protein was 10.00 to 20.00 higher from 170.00-220.00 in the North Dakota-Minnesota 
area. Canola Meal was 6.60 to 14.60 lower from 211.30-233.30, the basis was ranged 
75.00 under the July to 55.00 under the August Soybean Meal futures. Soybean Oil in 
Minnesota was 18 to 68 points higher from 27.67-28.17 cents per pound, the basis was 
steady to 50 points higher from 50 points under to option (0) the July Soybean Oil 
futures.

Animal Protein: 
   Meat and Bone Meal, 50 pct protein was steady from 175.00-200.00; Pork was steady 
to 5.00 higher from 190.00-210.00.  Yellow Grease was steady to 250 points lower from 
15.00-19.00 cents per pound. Choice White Grease was not established. Feather Meal 
was 35.00 to 45.00 lower from 235.00-290.00. Ruminant Blood Meal was 100.00 to 125.00 
lower from 400.00-550.00; Pork was 125.00 lower with limited trade at 600.00.

Millfeeds:
  Wheat Middlings ranged 65.00-75.00.

Bids/Offers prices are bulk per ton, in carlots unless specified. 
Animal ingredients are delivered MPL, other ingredients are FOB.
                                      
                              This Week       Last Week       Last Year    
Soybean Meal, 46.5 pct (R)    274.30-276.30   275.90          286.10-289.00
Linseed Meal, 34 pct          Ltd 245.00      250.00          225.00-245.00
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                170.00-220.00   160.00-200.00   140.00-150.00
Canola Meal, 36 pct protein   211.30-233.30   217.90-247.90   237.00
Soybean Crude Oil,  
 Cents per pound              27.67-28.17     27.49           27.50-28.50
Meat and Bone Meal, 50 pct    175.00-200.00   175.00-200.00   185.00-220.00
Feather Meal, 80 pct          235.00-290.00   280.00-325.00   350.00-420.00
Yellow Grease, 
   Cents per pound            15.00-19.00     17.50-19.00     23.50-24.50
Choice White Grease
   Cents per pound            Not Estabslihed Not Established 26.00-27.00
Wheat Middlings               65.00-75.00     55.00-75.00     65.00-88.00 

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