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USDA - AMS: Minneapolis Weekly Feedstuffs Report (2019-03-12)

USDA U.S. Department of Agriculture - March 12, 2019

MS_GR215  
Minneapolis, MN    Tue Mar 11, 2019           USDA Market News

Minnesota Feedstuffs - Prices for the week ending Tuesday, Mar 11, 2019
**All prices are quoted per ton, unless otherwise noted. **

Oilseed and Animal feedstuffs were mixed this week 

Oilseeds:
   The May Soybean Meal futures closed 7.00 lower at 303.00, July closed 6.70 lower 
at 307.00. The May Soybean Oil futures closed 3 points lower at 29.99 cents per pound 
and July closed 5 points lower at 30.31 cents per pound.  The Rail delivery of high 
protein Soybean Meal in Minnesota was 7.00 lower from 267.00-269.00, the basis was 
steady from 36.00 to 34.00 under the May Soybean Meal futures. Linseed Meal, 34 pct 
protein was steady from 230.00-235.00 in the North Dakota-Minnesota area. Sunflower 
Meal, 13 pct fiber, 34 pct protein was steady to 5.00 higher from 165.00-215.00 in 
the North Dakota-Minnesota area. Canola Meal was 2.00 lower with limited offers at 
228.00, the basis was limited at 75.00 under the May Soybean Meal futures. Soybean 
Oil in Minnesota was mixed, 3 points lower to 1 point higher from 29.49-30.74 cents 
per pound; the basis ranged 50 points under to 75 points over the May soybean oil 
futures.

Animal Protein: 
   Meat and Bone Meal, 50 pct protein was steady from 200.00-250.00; Pork was steady 
to 15.00 lower at 250.00. Yellow Grease was steady to 50 points lower from 19.00 to 
20.50 cents per pound. Choice White Grease was steady to 50 points lower from 21.50 
to 23.00 cents per pound. Feather Meal was steady from 470.00-525.00. Ruminant Blood 
Meal was 25.00 lower to 25.00 higher from 550.00-600.00; Pork was 25.00 higher at 
650.00. 

Millfeeds:
   Wheat Middlings were 2.00 higher from 80.00-102.00.

Bids/Offers prices are bulk per ton, in carlots unless specified. 
Animal ingredients are delivered MPLS, other ingredients are FOB.
                              Mar 11, 2019        
                              This Week       Last Week       Last Year    
Soybean Meal, 46.5 pct (R)    267.00-269.00   274.00-276.00   336.50-353.50
Linseed Meal, 34 pct          230.00-235.00   230.00-235.00   235.00-240.00
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                165.00-215.00   165.00-210.00   185.00-195.00
Canola Meal, 36 pct protein   Ltd. 228.00     230.00          265.50-275.50
Soybean Crude Oil, MN
 Cents per pound              29.49-30.74     29.52-30.73     30.97-31.72
Meat and Bone Meal, 50 pct    200.00-250.00   200.00-250.00   240.00-285.00
Feather Meal, 80 pct          470.00-525.00   470.00-525.00   435.00-550.00
Yellow Grease, 
   Cents per pound            19.00-20.50     19.00-21.00     16.00-18.50
Choice White Grease,
   Cents per pound            21.50-23.00     21.40-23.50     20.00-23.00
Wheat Middlings               80.00-102.00    78.00-100.00    68.00-90.00

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  


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