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USDA - AMS: Minneapolis Weekly Feedstuffs Report (2020-10-13)

USDA U.S. Department of Agriculture - October 13, 2020

MS_GR215    

Minneapolis, MN         Tue Oct 13, 2020          USDA Market News

Minnesota Feedstuffs - Prices for the week ending Tuesday, October 13, 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 4.200 higher at 358.50, December closed 
0.50 higher at 356.00 and January closed 1.90 higher at 354.50. The October Soybean 
Oil futures closed 43 points higher at 33.72 cents per pound, December closed 53 
points higher at 33.62 cents per pound and January closed 56 points higher at 33.66 
cents per pound. The Truck delivery of high protein Soybean Meal in Minnesota was 
4.50 to 13.50 higher from 346.00-348.00, the basis ranged 10.00 to 8.00 under the 
December Soybean Meal futures. Linseed Meal, 34 pct protein was 5.00 to 10.00 higher 
from 220.00-255.00 in the North Dakota-Minnesota area. Sunflower Meal, 13 pct fiber, 
34 pct protein was mixed, 30.00 lower to 20.00 higher from 200.00-230.00 in the North 
Dakota-Minnesota area. Canola Meal was mixed, 4.50 lower to 10.50 higher from 266.00-
301.00, the basis was from 90.00 to 55.00 under the December Soybean Meal futures. 
Soybean Oil in Minnesota was 53 points higher from 34.12-34.87 cents per pound, the 
basis was from 50 to 125 points over the December Soybean Oil futures.

Animal Protein: 
       Meat and Bone Meal, 50 pct protein was steady to 20.00 higher from 200.00-
240.00; Pork was 30.00 to 45.00 higher from 250.00-295.00. Yellow Grease was steady 
from 23.00-26.00 cents per pound. Choice White Grease was steady 100 points lower 
from 27.00-28.00 cents per pound. Feather Meal was steady from 300.00-320.00. 
Ruminant Blood Meal was 50.00 to 100.00 higher from 650.00-750.00; Pork was steady to 
90.00 higher at 700.00.

Millfeeds:
  Wheat Middlings were steady to 13.00 lower from 90.00-117.00

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)    346.00-348.00   332.50-343.50   277.80             
Linseed Meal, 34 pct          220.00-255.00   215.00-245.00   220.00-235.00 
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                200.00-220.00   180.00-250.00   150.00-190.00
Canola Meal, 36 pct protein   266.00-301.00   255.50-305.50   216.90-236.90
Soybean Crude Oil,  
 Cents per pound              34.12-34.87     33.59-34.34     30.39-31.07
Meat and Bone Meal, 50 pct    200.00-240.00   200.00-220.00   190.00-225.00
Feather Meal, 80 pct          300.00-320.00   300.00-320.00   300.00-340.00
Yellow Grease, 
   Cents per pound            23.00-26.00     23.00-26.00     20.50-21.50
Choice White Grease
   Cents per pound            27.00-28.00     28.00-29.00     20.00-21.75
Wheat Middlings               90.00-117.00    90.00-130.00    88.00-110.00

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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