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USDA - AMS: Minneapolis Weekly Feedstuffs Report (2020-06-09)

USDA U.S. Department of Agriculture - June 9, 2020

MS_GR215    

Minneapolis, MN         Tue Jun 09, 2020          USDA Market News

Minnesota Feedstuffs - Prices for the week ending Tuesday, June 9, 2020
**All prices are quoted per ton, unless otherwise noted. **

Oilseed and Animal feedstuffs were mostly lower this week 

Oilseeds:
The July Soybean Meal futures closed 3.40 higher at 287.10 and August closed 4.00 
higher at 289.70. The July Soybean Oil futures closed 29 points higher at 28.23 cents 
per pound and August closed 29 points higher at 28.41 cents per pound. The Rail 
delivery of high protein Soybean Meal in Minnesota was mixed, 1.60 lower to 3.40 
higher at 277.10, the basis was steady to 5.00 lower at 10.00 under the July Soybean 
Meal futures. Linseed Meal, 34 pct protein was steady to 55.00 lower at 230.00 in a 
limited test in the North Dakota-Minnesota area. Sunflower Meal, 13 pct fiber, 34 pct 
protein was  5.00 to 20.00 higher from 180.00-200.00 in the North Dakota-Minnesota 
area. Canola Meal was 3.40 higher from 217.10-247.10, the basis was steady from 70.00 
to 40.00 under the July Soybean Meal futures. Soybean Oil in Minnesota was 29 to 79 
points higher at 27.73 cents per pound, the basis was steady to 50 points higher at 
50 points under the July Soybean Oil futures.

Animal Protein: 
   Meat and Bone Meal, 50 pct protein was 25.00 to 75.00 lower from 200.00-210.00; 
Pork was mixed, 40.00 lower to 5.00 higher from 185.00-235.00.  Yellow Grease was 100 
points lower from 18.00-20.00 cents per pound. Choice White Grease was steady from 
21.00-22.00 cents per pound. Feather Meal was steady from 325.00-375.00. Ruminant 
Blood Meal was 75.00 to 150.00 lower at 700.00; Pork was 100.00 lower with limited 
trade at 750.00.

Millfeeds:
  Wheat Middlings were 5.00 to 10.00 lower from 55.00-75.00.

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 (R)    277.10          273.70-278.70   284.40-286.40
Linseed Meal, 34 pct          230.00          230.00-285.00   215.00-230.00
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                180.00-200.00   175.00-180.00   140.00-145.00
Canola Meal, 36 pct protein   217.10-247.10   213.70-243.70   229.50
Soybean Crude Oil,  
 Cents per pound              27.73           26.94-27.44     26.72-27.72
Meat and Bone Meal, 50 pct    200.00-210.00   225.00-285.00   185.00-220.00
Feather Meal, 80 pct          325.00-375.00   325.00-375.00   325.00-375.00
Yellow Grease, 
   Cents per pound            18.00-20.00     19.00-21.00     22.50-23.50
Choice White Grease
   Cents per pound            21.00-22.00     21.00-22.00     26.00
Wheat Middlings               55.00-75.00     65.00-80.00     65.00-90.00 

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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