MS_GR215    

Minneapolis, MN         Tue March 16, 2021          USDA Market News

Minnesota Feedstuffs - Prices for the week ending Tuesday, March 16, 2021
**All prices are quoted per ton, unless otherwise noted. **


Oilseed and Animal feedstuffs were mixed this week 

Oilseeds:
       The May Soybean Meal futures closed 10.50 lower at 406.10, July closed 9.00 
lower at 405.90 and August closed 7.10 lower at 398.30. The May Soybean Oil futures 
closed 154 points higher at 55.09 cents per pound, July closed 95 points higher at 
53.35 cents per pound and August closed 66 points higher at 51.87 cents per pound. 
The Truck delivery of high protein Soybean Meal in Minnesota was 10.50 to 13.50 lower 
from 393.10-404.10, the basis was steady to 3.00 lower from 13.00 to 2.00 under the 
May Soybean Meal futures. Linseed Meal, 34 pct protein was steady at 325.00 with 
limited trade in the North Dakota-Minnesota area. Sunflower Meal, 13 pct fiber, 34 
pct protein was steady to 5.00 lower from 280.00-300.00 in the North Dakota-Minnesota 
area. Canola Meal was 5.50 to 10.50 lower from 326.10-346.10, the basis was steady 
from 80 to 65 under the May Soybean Meal futures. Soybean Oil in Minnesota was 154 to 
354 points higher from 59.09-61.59 cents per pound, the basis was 400 points to 650 
points over the May Soybean Oil futures.

Animal Protein: 
       Meat and Bone Meal, 50 pct protein was steady from 350.00-400.00; Pork was 
steady to 25.00 higher from 370.00-450.00. Yellow Grease was steady to 700 points 
higher from 36.00-48.00 cents per pound. Choice White Grease was steady to 50 points 
higher from 40.00-52.00 cents per pound. Feather Meal was steady from 590.00-600.00 
with an instance of 745.00. Ruminant Blood Meal was steady from 1000.00-1100.00; Pork 
was steady from 1125.00-1200.00.

Millfeeds:
  Wheat Middlings were steady to 3.00 higher from 148.00-170.00.

Bids/Offers prices are FOB, bulk per ton, in carlots unless specified. 
                                
                              This Week       Last Week       Last Year    
Soybean Meal, 46.5 pct (T)    393.10-404.40   406.60-414.60   283.30             
Linseed Meal, 34 pct          325.00          325.00          235.00-275.00
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                280.00-300.00   280.00-305.00   175.00-185.00
Canola Meal, 36 pct protein   326.10-341.10   336.60-351.60   198.30-218.30 
Soybean Crude Oil,  
 Cents per pound              59.09-61.59     57.55-58.05     25.24      
Meat and Bone Meal, 50 pct    350.00-400.00   350.00-400.00   200.00-215.00
Feather Meal, 80 pct          590.00-600.00   590.00-600.00   325.00-335.00
Yellow Grease, 
   Cents per pound            36.00-48.00     36.00-41.00     23.00-24.00  
Choice White Grease
   Cents per pound            40.00-52.00     40.00-51.50     24.00-26.50  
Wheat Middlings               148.00-170.00   145.00-170.00   78.00-100.00

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