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USDA - AMS: Minneapolis Weekly Feedstuffs Report (2020-07-14)

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

S_GR215    

Minneapolis, MN         Tue Jul 14, 2020          USDA Market News

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

Oilseed and Animal feedstuffs were mostly lower this week 

Oilseeds:
The August Soybean Meal futures closed 10.30 lower at 285.20 and September was 10.20 
lower at 287.60. The August Soybean Oil futures closed 41 points lower at 28.46 cents 
per pound, September closed 43 points lower at 28.61 cents per pound. The Rail 
delivery of high protein Soybean Meal in Minnesota was 4.30 to 7.30 lower from 
276.20-279.20, the basis was 3.00 to 6.00 higher from 9.00 to 6.00 under the August 
Soybean Meal futures. Linseed Meal, 34 pct protein was steady at 250.00 in a limited 
test in the North Dakota-Minnesota area. Sunflower Meal, 13 pct fiber, 34 pct protein 
was steady from 170.00-220.00 in the North Dakota-Minnesota area. Canola Meal was 
15.30 lower from 200.30-225.30, the basis was 5.00 lower from 85.00 to 60.00 under 
the August Soybean Meal futures. Soybean Oil in Minnesota was 41 points lower from 
27.96-29.46 cents per pound, the basis was steady from 50 points under to 100 over 
the August Soybean Oil futures.

Animal Protein: 
   Meat and Bone Meal, 50 pct protein was steady to 15.00 lower from 140.00-185.00; 
Pork was steady from 190.00-210.00.  Yellow Grease was steady from 15.00-17.00 cents 
per pound. Choice White Grease was steady from 19.50-20.00. Feather Meal was steady 
from 235.00-250.00. Ruminant Blood Meal was steady from 400.00-500.00; Pork was 25.00 
lower with limited trade at 550.00.

Millfeeds:
  Wheat Middlings was steady to 5.00 higher from 65.00-85.00

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)    276.20-279.20   283.50          280.40
Linseed Meal, 34 pct          250.00          250.00          220.00-245.00
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                170.00-220.00   170.00-220.00   135.00-140.00
Canola Meal, 36 pct protein   200.30-225.30   215.50-240.50   223.40-233.40
Soybean Crude Oil,  
 Cents per pound              27.96-29.46     28.37-29.87     27.40-28.90
Meat and Bone Meal, 50 pct    140.00-185.00   140.00-200.00   200.00-220.00
Feather Meal, 80 pct          235.00-250.00   235.00-250.00   325.00-375.00
Yellow Grease, 
   Cents per pound            15.00-17.00     15.00-17.00     24.00-24.25
Choice White Grease
   Cents per pound            19.50-20.00     19.50-20.00     27.50-28.00
Wheat Middlings               65.00-85.00     65.00-80.00     70.00-95.00 

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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