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USDA - AMS: Minneapolis Weekly Feedstuffs Report (2020-07-28)

USDA U.S. Department of Agriculture - July 28, 2020

MS_GR215    

Minneapolis, MN         Tue Jul 28, 2020          USDA Market News

Minnesota Feedstuffs - Prices for the week ending Tuesday, July 28, 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 3.30 higher at 288.90, the September closed 
3.40 higher at 291.80 and October closed 3.90 higher at 293.80. The August Soybean 
Oil futures closed 67 points lower at 29.40 cents per pound, September closed 70 
points lower at 29.51 cents per pound and October closed 74 points lower at 29.62  
cents per pound. The Rail delivery of high protein Soybean Meal in Minnesota was 4.20 
to 6.20 higher from 283.80-285.80, the basis ranged 8.00 to 6.00 under to September 
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 200.00-220.00 in the North Dakota-Minnesota area. Canola Meal was 
6.20 to 21.20 higher from 206.80-251.80, the basis ranged 85.00 to 40.00 under the 
September Soybean Meal futures. Soybean Oil in Minnesota was 67 points lower from 
28.90-30.90 cents per pound, the basis was steady to 50 points higher from 50 points 
under to 150 over the August Soybean Oil futures.

Animal Protein: 
   Meat and Bone Meal, 50 pct protein was steady to 15.00 higher from 175.00-200.00; 
Pork was mixed, 10.00 lower to 25.00 higher from 180.00-235.00.  Yellow Grease was 
steady from 16.00-19.00 cents per pound. Choice White Grease had limited trade at 
23.00 cents per pound. Feather Meal was 10.00 to 25.00 higher from 275.00-290.00. 
Ruminant Blood Meal was steady to 50.00 higher from 400.00-550.00; Pork was 25.00 
higher with limited trade at 575.00.

Millfeeds:
  Wheat Middlings was steady to 2.00 higher from 70.00-92.00

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)    283.80-285.80   279.60          271.30-272.30
Linseed Meal, 34 pct          Ltd 250.00      Ltd 250.00      215.00-250.00
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                200.00-220.00   200.00-220.00   145.00
Canola Meal, 36 pct protein   206.80-251.80   200.60-230.60   212.70-225.30
Soybean Crude Oil,  
 Cents per pound              28.90-30.90     29.57-31.57     28.31-29.31
Meat and Bone Meal, 50 pct    160.00-200.00   160.00-200.00   200.00-220.00
Feather Meal, 80 pct          250.00-280.00   250.00-280.00   300.00-385.00
Yellow Grease, 
   Cents per pound            16.00-19.00     16.00-19.00     26.00-27.00
Choice White Grease
   Cents per pound            Not Established Not Established 28.00-29.50
Wheat Middlings               70.00-92.00     70.00-90.00     82.00-105.00

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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