Minnesota Weekly Feed Review

PORTLAND - Dec 9/03 - SNS -- Feed ingredient markets for the U.S. Pacific Northwest are summarized in the latest weekly report for the region issues by the USDA.

Pacific Northwest Weekly Feed

   Pacific Northwest Market Summary:  Feed ingredient offers for the reporting 
week ending on Tuesday, December 9, were mixed compared to last Tuesday's 
offers.  Soybean meal and canola meal offers were mixed.  Corn and meat and bone 
meal offers trended higher.  Barley offers were steady to lower.  Ending the 
week on steady trends were offers for Wheat millrun, cane feeding molasses, 
whole cottonseed, and oats.  

   Oilseed Meal Markets:  Offers for 47 percent protein Soybean Meal delivered 
during December were 70 cents higher to 3.30 lower at 257.30 to 266.30.  Basis 
offers for December delivery ranged from 24.00 to 33.00 per ton over the Chicago 
January soybean meal futures close of 233.30 compared to last Tuesday's basis 
range of 28.00 to 33.00 per ton over the Chicago January soybean meal futures 
close of 232.60.  Slightly higher soybean meal futures were supportive to cash 
offers but supplies in the pipeline were plentiful and some traders lowered 
their bases in response.  Offers for December delivered Canola Meal, 34 
to 36 percent protein, rail delivered between Portland, Oregon and Chehalis, 
Washington, were 178.30 to 187.30, 1.30 lower to 70 cents higher compared to 
last Tuesday's offers.  Offers for canola meal truck delivered to the Willamette 
Valley during November were also 1.30 lower to 70 cents higher at 192.30 to 
201.30.  Higher soybean meal futures were supportive to canola meal offers but 
supplies were generally adequate to meet light to moderate domestic demand.  


   Whole Cottonseed: Whole Cottonseed offers for December delivery to points in 
the Pacific Northwest from the Midsouth in single boxcars were 190.00 to 195.00, 
steady with week ago offers.   Offers for whole cottonseed trans-loaded onto 
trucks and delivered to the Willamette Valley during December were 206.00 to 
209.00, also steady with week ago offers.  Supplies were plentiful to cover 
nearby demand. 

   Animal Proteins: Offers for 50 percent protein Meat and Bone Meal, FOB 
Seattle plants, advanced by 10.00 per ton at 255.00.   Offers for meat and bone 
meal delivered to Portland were not well tested but were indicated as steady 
with week ago offers of 270.00.

   Wheat Millrun:  Feed mill offers for wheat millrun for December, loaded truck 
FOB the flour mill in Portland, were steady with last Tuesday's offers of 90.00 
to 95.00.  December offers for wheat millrun truck delivered to Willamette 
Valley dairies were also steady with last Tuesday's offer of 98.00.  Flour mill 
offers rail delivered to Portland during January through March from eastern 
Washington were not well tested.  Offers for wheat millrun FOB eastern Oregon 
flour mills were not well tested as mills were sold out of supplies from 
December through March. 
 
   Alfalfa Products: Offers for suncured alfalfa pellets, 15 percent protein, 
were not well tested but were indicated as steady with week ago offers of 120.00 
to 123.00 delivered by truck to the Willamette Valley. 

   Cane Feeding Molasses: Cane Feeding Molasses offers FOB Seattle were 87.50 
per ton, steady with last week's offers.  Domestic demand continued to be good 
and met in balance with plentiful supplies.
 
   Distillers Dried Grains:  Offers for Distillers Dried Grains delivered 
during December by rail to feed mills in the Pacific Northwest were not well 
tested due to extremely limited nearby supplies.  Offers for January were quoted 
in a very limited test at 157.00 to 159.00 for rail delivery and 171.00 to 
175.00 for truck delivery, with no recent price comparison for January delivery.  

    Coarse Feeding Grains: Offers for US 2 Barley delivered in December to 
Portland in single rail cars for domestic use were steady to 2.00 lower at 
118.00 to 125.00.  US 2 Barley offers for rail and truck delivery to the 
Willamette Valley were steady at 126.00 to 129.00.  US 2 Barley offers for truck 
delivery to the inland feeding areas of Yakima, Washington, and Hermiston, 
Oregon were 117.00 to 119.00, steady to instances of 6.00 lower.  Barley offers 
for rail delivery to inland feeding areas 118.00, 3.00 lower.  US 2 Yellow Corn 
offers for delivery to points north of Seattle were 50 cents to 1.25 higher at 
123.00 to 124.25.   Offers for US 2 Yellow Corn rail delivered to points in the 
Seattle area were 119.50 to 122.50, 50 to 75 cents per ton higher.  US 2 Yellow 
corn offers for delivery to Portland in single rail cars for domestic use ranged 
from 118.50 to 120.25, 50 cents to 1.00 higher.  US 2 Yellow Corn offers for 
truck or rail delivery to the Willamette Valley were 50 cents higher at 119.50 
to 128.00.  Offers for US 2 Yellow Corn rail delivered to the Yakima Valley were 
50 cents higher at 120.50 to 122.00.  US 2 Yellow Corn offers for truck delivery 
to the Yakima Valley were 111.75 to 117.00, 25 to 50 cents higher.  Higher 
Chicago March corn futures, at 2.49-3/4 compared to last Tuesday's close of 
2.48-1/4, were supportive to cash corn offers.  Trading was slow to moderate 
during the week.  Offers for US 2 Heavy White Oats were 130.00 in a limited 
test, steady with week ago offers. 


                    Portland Weekly Feed
Wholesale Feedstuff Prices per ton bulk in truck or carlots,
delivered to the Northwest Coast


                                            Change
47 pct Solvent Soybean Meal
   Rail delivered                           257.30-266.30   dn 3.30-up .70

36 pct Canola Meal     Rail                 178.30-187.30   dn 1.30-up .70
                       Truck                192.30-201.30   dn 1.30-up .70

50 pct Meat and Bone Meal
  FOB Production Point                      255.00          up 10.00

17 pct Dehydrated Alfalfa Meal              NA

15 pct Suncured Alfalfa Pellets             NA  
Wheat Millrun FOB Flour Mills western 
Oregon and Washington 
(reseller offers)      December             90.00-95.00     unch  
                    

Cane Feeding Molasses, FOB Seattle          87.50           unch


Whole Cottonseed                            190.00-195.00   unch           

Distillers Dried Grains
  December delivery
    rail feed mill                           NA 
    truck delivered dairy                    NA


Whole feeding grains in dollars per ton, bulk FOB Northwest
Coast

US 2 48 LBS Barley                          118.00-125.00   dn 2.00-unch

US 2 Yellow Corn
 Single rail car delivery-
  North of Seattle                          123.00-124.25   up 1.25- .50
  Seattle area                              119.50-122.50   up  .50- .75
  Portland area                             118.50-120.25   up 1.00- .50
Rail-Truck Willamette Valley                119.50-128.00   up  .50 
Rail Yakima Valley                          120.50-122.00   up  .50      
Truck Yakima Valley                         111.75-117.00   up  .50- .25

US 2 Heavy White Oats*                      130.00          unch
 * Not well tested.

Source: USDA Market News Service, Portland, OR

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STAT News Service

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