MS_GR215    

Minneapolis, MN         Tue Feb 02, 2021          USDA Market News

Minnesota Feedstuffs - Prices for the week ending Tuesday, February 2, 2021
**All prices are quoted per ton, unless otherwise noted. **


Oilseed and Animal feedstuffs were mixed this week 

Oilseeds:
       The March Soybean Meal futures closed 8.50 lower at 428.00, May closed 8.30 
lower at 425.50 and July closed 9.20 lower at 420.60. The March Soybean Oil futures 
closed 41 points higher at 44.32 cents per pound, May closed 50 points higher at 
43.62 cents per pound and July closed 54 points higher at 42.99 cents per pound. The 
Truck delivery of high protein Soybean Meal in Minnesota was 3.50 to 8.50 lower from 
418.00-426.00, the basis was steady to 5.00 higher from 10.00 to 2.00 under the March 
Soybean Meal futures. Linseed Meal, 34 pct protein was at 280.00 with limited trade 
in the North Dakota-Minnesota area. Sunflower Meal, 13 pct fiber, 34 pct protein was 
steady to 30.00 lower from 250.00-320.00 in the North Dakota-Minnesota area. Canola 
Meal was mixed, 8.50 lower to 1.50 higher from 328.00-363.00, the basis was steady to 
10.00 higher from 100.00-65.00 under the March Soybean Meal futures. Soybean Oil in 
Minnesota was 41 to 91 points higher from 45.82-46.32 cents per pound, the basis was 
steady to 50 points higher from 150-200 points over the March Soybean Oil futures.

Animal Protein: 
       Meat and Bone Meal, 50 pct protein was steady to 5.00 higher from 300.00-
365.00; Pork was steady to 25.00 higher from 350.00-410.00. Yellow Grease was steady 
from 29.00-38.50 cents per pound. Choice White Grease was steady from 34.00-40.00 
cents per pound. Feather Meal was steady to 20.00 higher from 530.00-600.00 with an 
instance of 715.00. Ruminant Blood Meal was steady to 50.00 higher from 875.00-
1050.00; Pork was 100.00 higher from 1050.00-1100.00.

Millfeeds:
  Wheat Middlings were 5.00 higher from 120.00-160.00.

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 (T)    418.00-426.00   421.50-434.50   264.00-272.50      
Linseed Meal, 34 pct          280.00          300.00-345.00   250.00-275.00
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                250.00-320.00   280.00-320.00   175.00-205.00
Canola Meal, 36 pct protein   328.00-363.00   336.50-361.50   178.50-208.50 
Soybean Crude Oil,  
 Cents per pound              45.82-46.32     44.91-45.91     30.23-30.73
Meat and Bone Meal, 50 pct    300.00-365.00   300.00-360.00   140.00-185.00
Feather Meal, 80 pct          530.00-600.00   510.00-600.00   325.00       
Yellow Grease, 
   Cents per pound            29.00-38.50     29.00-38.50     22.00-24.00
Choice White Grease
   Cents per pound            34.00-40.00     34.00-40.00     26.00-26.50
Wheat Middlings               120.00-160.00   115.00-155.00   75.00-90.00 

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