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USDA - AMS: Minneapolis Weekly Feedstuffs Report (2020-09-29)

USDA U.S. Department of Agriculture - September 29, 2020

MS_GR215    

Minneapolis, MN         Tue Sep 29, 2020          USDA Market News

Minnesota Feedstuffs - Prices for the week ending Tuesday, September 29, 2020
**All prices are quoted per ton, unless otherwise noted. **

Oilseed and Animal feedstuffs were mostly higher this week 

Oilseeds:
       The October Soybean Meal futures closed 10.00 lower at 327.30 and the December 
closed 9.10 lower at 331.90. The October Soybean Oil futures closed 80 points lower 
at 32.87 cents per pound and December closed 91 points lower at 32.69 cents per 
pound. The Truck delivery of high protein Soybean Meal in Minnesota was 7.10 to 9.10 
lower from 313.90-319.90, the basis ranged 18.00 to 12.00 under the December Soybean 
Meal futures. Linseed Meal, 34 pct protein was from 200.00-270.00 in the North 
Dakota-Minnesota area. Sunflower Meal, 13 pct fiber, 34 pct protein was 5.00 to 45.00 
higher from 190.00-245.00 in the North Dakota-Minnesota area. Canola Meal was mixed, 
15.40 lower to 9.60 higher from 231.90-291.90, the basis was from 100.00 to 40.00 
under the December Soybean Meal futures. Soybean Oil in Minnesota was 80 to 105 
points lower from 33.37-34.12 cents per pound, the basis was steady to 25.00 lower 
from 50 to 125 points over the October Soybean Oil futures.

Animal Protein: 
       Meat and Bone Meal, 50 pct protein was 15.00 to 20.00 higher from 200.00-
220.00; Pork was steady to 15.00 higher from 220.00-250.00. Yellow Grease was steady 
to 200 points higher from 21.00-26.00 cents per pound. Choice White Grease was 150 to 
200 points higher from 28.00-29.50 cents per pound. Feather Meal was steady from 
300.00-320.00 with an instance of 390.00. Ruminant Blood Meal was 25.00 to 100.00 
higher from 550.00-675.00; Pork was 10.00 to 100.00 higher from 610.00-700.00.

Millfeeds:
  Wheat Middlings were steady to 8.00 higher from 90.00-130.00

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 (T)    313.90-319.90   321.00-329.00   279.00             
Linseed Meal, 34 pct          200.00-270.00   Ltd 200.00      215.00-235.00 
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                190.00-245.00   185.00-200.00   155.00-175.00
Canola Meal, 36 pct protein   231.90-291.90   247.30-282.30   219.00-276.00
Soybean Crude Oil,  
 Cents per pound              33.37-34.12     34.17-35.17     28.88-30.08
Meat and Bone Meal, 50 pct    200.00-220.00   185.00-200.00   185.00-225.00
Feather Meal, 80 pct          300.00-320.00   300.00-320.00   300.00-350.00
Yellow Grease, 
   Cents per pound            21.00-26.00     21.00-24.00     22.00-25.00
Choice White Grease
   Cents per pound            28.00-29.50     26.00-28.00     24.00-26.25
Wheat Middlings               90.00-130.00    90.00-122.00    88.00-115.00

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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