MS_GR215    

Minneapolis, MN         Tue March 2, 2021          USDA Market News

Minnesota Feedstuffs - Prices for the week ending Tuesday, March 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 3.20 lower at 423.30, May closed 4.30 
lower at 421.70 and July closed 2.70 lower at 420.00. The March Soybean Oil futures 
closed 201 points higher at 51.27 cents per pound, May closed 129 points higher at 
49.66 cents per pound and July closed 119 points higher at 48.69 cents per pound. The 
Truck delivery of high protein Soybean Meal in Minnesota was 0.80 to 2.800 lower from 
408.70-419.70, the basis was from 13.00 to 2.00 under the May Soybean Meal futures. 
Linseed Meal, 34 pct protein was 15.00 lower at 310.00 with limited trade in the 
North Dakota-Minnesota area. Sunflower Meal, 13 pct fiber, 34 pct protein was 10.00 
to 25.00 lower from 250.00-310.00 in the North Dakota-Minnesota area. Canola Meal was 
4.80 to 18.20 lower from 323.30-351.70, the basis was from 100 under the March 
Soybean Meal futures to -70 under the May Soybean Meal futures. Soybean Oil in 
Minnesota was 201 to 240 points higher from 53.66-54.77 cents per pound, the basis 
was 400 points over the May Soybean Oil futures to 350 over the March Soybean Oil 
futures.

Animal Protein: 
       Meat and Bone Meal, 50 pct protein was steady to 10.00 higher from 300.00-
385.00; Pork was steady to 15.00 higher from 370.00-425.00. Yellow Grease was 100 to 
250 points higher from 34.00-41.00 cents per pound. Choice White Grease was 100 to 
450 points higher from 38.00-45.50 cents per pound. Feather Meal was steady to 15.00 
higher from 560.00-600.00 with an instance of 745.00. Ruminant Blood Meal was steady 
from 1000.00-1100.00; Pork was steady to 75.00 higher from 1125.00-1150.00.

Millfeeds:
  Wheat Middlings were 5.00 to 10.00 higher from 140.00-165.00.

Bids/Offers prices are FOB, bulk per ton, in carlots unless specified. 
                                
                              This Week       Last Week       Last Year    
Soybean Meal, 46.5 pct (T)    408.70-419.70   411.50-420.50   285.10-286.10      
Linseed Meal, 34 pct          310.00          325.00          235.00-300.00
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                250.00-310.00   275.00-320.00   170.00-190.00
Canola Meal, 36 pct protein   323.30-351.70   341.50-356.50   195.10-214.10 
Soybean Crude Oil,  
 Cents per pound              53.66-54.77     51.26-52.76     28.66-29.16
Meat and Bone Meal, 50 pct    300.00-385.00   300.00-375.00   Not Available
Feather Meal, 80 pct          560.00-600.00   545.00-600.00   Not Available
Yellow Grease, 
   Cents per pound            34.00-41.00     33.00-38.50     Not Available
Choice White Grease
   Cents per pound            38.00-45.50     37.00-42.00     Not Available
Wheat Middlings               140.00-165.00   130.00-160.00   73.00-93.00 

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