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USDA - AMS: Minneapolis Weekly Feedstuffs Report (2020-04-14)

USDA U.S. Department of Agriculture - April 14, 2020

MS_GR215  

Minneapolis, MN         Tue April 14, 2020          USDA Market News

Minnesota Feedstuffs - Prices for the week ending Tuesday, April 14, 2020
**All prices are quoted per ton, unless otherwise noted. **

Oilseed and Animal feedstuffs were mixed this week 

Oilseeds:
The May Soybean Meal futures closed 6.30 lower at 287.50, July closed 4.70 lower at 
293.10. The May Soybean Oil futures closed 74 points lower at 26.74 cents per pound, 
July closed 65 points lower at 27.16 cents per pound. The Rail delivery of high 
protein Soybean Meal in Minnesota was 6.30 lower at 272.50, the basis was steady at 
15.00 under the May Soybean Meal futures. Linseed Meal, 34 pct protein was steady to 
15.00 lower from 235.00-285.00 in the North Dakota-Minnesota area. Sunflower Meal, 13 
pct fiber, 34 pct protein was steady to 10.00 higher from 175.00-195.00 in the North 
Dakota-Minnesota area. Canola Meal was mixed, 6.30 lower to 13.70 higher from 217.50-
237.50, the basis was steady to 20.00 higher from 70.00 to 50.00 under the May 
Soybean Meal futures. Soybean Oil in Minnesota was 74 to 124 points lower at 26.74 
cents per pound, the basis was steady to 50 points lower at option (0) the May 
Soybean Oil futures.

Animal Protein: 
   Meat and Bone Meal, 50 pct protein was 60.00 to 70.00 higher from 290.00-310.00; 
Pork was 60.00 to 85.00 higher from 310.00-375.00.  Yellow Grease was 100 to 450 
points higher from 20.00-25.50, mostly 20.00-21.00 cents per pound. Choice White 
Grease was mostly steady from 21.50-26.00, mostly 21.50-22.50 cents per pound. 
Feather Meal was 30.00 to 50.00 higher from 375.00-380.00, instances up to 480.00. 
Ruminant Blood Meal was 35.00 to 50.00 higher from 950.00-985.00; Pork was steady to 
125.00 higher at 1000.00 in limited trade.

Millfeeds:
  Wheat Middlings were 5.00 to 10.00 higher from 90.00-110.00.

Bids/Offers prices are bulk per ton, in carlots unless specified. 
Animal ingredients are delivered MPLS, other ingredients are FOB.
                                      
                              This Week       Last Week       Last Year    
Soybean Meal, 46.5 pct (R)    272.50          278.80          274.50-281.50
Linseed Meal, 34 pct          235.00-285.00   250.00-285.00   235.00-250.00
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                175.00-195.00   175.00-185.00   160.00-170.00
Canola Meal, 36 pct protein   217.50-237.50   203.80-243.80   216.50
Soybean Crude Oil,  
 Cents per pound              26.74           27.48-27.98     28.52-29.22
Meat and Bone Meal, 50 pct    290.00-310.00   220.00-250.00   175.00-230.00
Feather Meal, 80 pct          375.00-380.00   325.00-350.00   430.00-485.00
Yellow Grease, 
   Cents per pound            20.00-25.50     19.00-21.00     18.50-22.00  
Choice White Grease
   Cents per pound            21.50-26.00     21.00-22.75     21.00-23.50
Wheat Middlings               90.00-110.00    80.00-105.00    68.00-80.00 

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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