Minnesota Weekly Feed Review

PORTLAND - Apr 8/08 - 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
All prices are quoted per ton, unless otherwise noted.
   Pacific Northwest Market Summary:  Feed ingredient offers ended the
reporting week on Tuesday, April 8, mixed compared to last Tuesday's offers.
Most corn offers moved higher, while canola meal offers moved lower.  Soybean meal,
whole cottonseed and distillers dried grains offers trended mixed.  Barley, wheat
millrun and meat and bone meal offers were steady to lower.  Offers for oats and
suncured alfalfa pellets offers remained steady.
   Oilseed Meal Markets:  Offers for 47 percent protein Soybean Meal, for
current rail delivery, were mixed, from 70 cents lower to 4.30 per ton higher at
354.80 to 361.80.  Basis offers ranged from 25.00 to 32.00 per ton over the Chicago
May soybean meal futures close of 329.80 compared to last Tuesday's basis range of
20.00 to 32.00 per ton over the Chicago May soybean meal futures close of 330.50.
Offers for soybean meal truck delivered to the Willamette Valley ranged from 374.80
to 394.80, 70 cents lower to 1.30 per ton higher. Offers for nearby delivered Canola
Meal, 34 to 36 percent protein, rail delivered to points between Portland, Oregon
and Chehalis, Washington, were 247.80 to 264.80, 70 cents to 2.70 per ton lower
compared to last week's offers.  Offers for canola meal trans-loaded onto trucks and
delivered to the Willamette Valley were also 70 cents to 2.70 lower, ranging from
262.80 to 284.80.  Canola Meal offers for truck delivery to points East of the
Cascades were 261.80 to 289.80, 70 cents to 2.70 per ton lower.
   Whole Cottonseed:  Whole Cottonseed offers for delivery to points in the
Pacific Northwest from the Midsouth in single boxcars were 375.00, mixed, from 5.00
lower to 1.00 per ton higher than week ago offers.  Offers for whole cottonseed
trans-loaded onto trucks and delivered to Willamette Valley dairies were steady to
1.00 per ton higher, from 392.00 to 400.00.
   Animal Proteins: Offers for 46 to 50 percent protein Meat and Bone Meal,
FOB Seattle plants, were 30.00 lower at 315.00.  Offers for meat and bone meal
truck delivered to Portland and the Willamette Valley held steady at 345.00, with
trading at that level during the week.
   Wheat Millrun:  Feed mill offers for wheat millrun for nearby delivery,
loaded truck FOB the flour mill in Portland, were indicated as 170.00 to
190.00 in a very limited test, steady to 10.00 per ton lower compared to week ago
indications. Offers for wheat millrun truck delivered to the Willamette Valley were
190.00 to 207.00, also steady to 10.00 lower. Flour mill offers for wheat millrun
rail delivered on the Burlington Northern Line to Portland from eastern Washington
and eastern Oregon during April through September were 165.00 in a limited test,
steady with week ago offers. Offers for wheat millrun FOB eastern Oregon and eastern
Washington mills during April through September were indicated as 150.00 per ton,
with no recent price comparison available.
   Alfalfa Products:  Offers for Suncured alfalfa pellets, 15 percent protein,
delivered by truck to the Willamette Valley, were 260.00 per ton steady, with last
Tuesday's offers.
   Distillers Dried Grains:  Distillers Dried Grains delivered by rail to feed
mills in the Pacific Northwest were mixed, from 4.00 lower to 5.00 per ton higher at
201.00 to 222.00.  Offers for distillers dried grains trans-loaded onto trucks and
delivered to Willamette Valley dairies were 216.00 to 239.00, mixed, from 4.00 lower
to 4.00 per ton higher than last Tuesday's offers.
   Coarse Feeding Grains:  Offers for US 2 Barley for nearby delivery to
Portland in single rail cars for domestic use trended steady to 10.00 lower than
last Tuesday's offers of 242.00 to 280.00, in a very limited test.  Offers for US 2
Barley rail and truck delivered to the Willamette Valley were generally steady to
10.00 lower compared to last Tuesday's offers, from 266.00 to 295.00.  Some barley
traders were not issuing offers for nearby delivery.  US 2 Yellow Corn offers for
rail delivery to points north of Seattle advanced by 2.50 to 3.00 per ton, ranging
from 258.75 to 261.75.  Offers for US 2 Yellow Corn rail delivered to points in the
Seattle area were 2.50 to 2.75 per ton higher at 255.00 to 259.75.  Offers for US 2
Yellow Corn rail delivered to Portland were 2.50 to 3.00 per ton higher at 254.00 to
257.50.  Offers for US 2 Yellow Corn truck delivered to the Willamette Valley
trended steady to 2.75 per ton higher at 260.00 to 275.50.    US 2 Yellow Corn
offers for truck delivery to the Yakima Valley were 2.50 to 6.75 per ton higher at
251.75 to 255.75. Offers for US 2 Yellow Corn rail delivered to the Yakima Valley
were not well tested.  Higher Chicago May corn futures, at 5.91-1/4 compared to last
Tuesday's close of 5.84, supported cash corn offers.  Offers for US 2 Heavy White
Oats were indicated in a very limited test at 230.00 to 245.00, steady with last
Tuesday's 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                       354.80-361.80   up 4.30-dn 0.70
36 pct Canola Meal     Rail            247.80-264.80   dn 2.70-0.70
                       Truck           262.80-284.80   dn 2.70-0.70
46 to 50 pct Meat and Bone Meal
  FOB Production Point                 315.00-345.00   dn 15.00-unch
17 pct Dehydrated Alfalfa Meal         NA
15 pct Suncured Alfalfa Pellets        260.00          unch
Wheat Millrun FOB Flour Mills western
Oregon and Washington
(reseller offers)                      170.00-190.00   unch-dn 10.00
Whole Cottonseed
  Rail                                 375.00          up 1.00-dn 5.00
  Truck                                392.00-400.00   up 1.00-unch
Distillers Dried Grains
 Nearby delivery
  rail feed mill                       201.00-222.00   dn 4.00-up 5.00
  truck delivered dairy                216.00-239.00   dn 4.00-up 4.00
Whole feeding grains in dollars per ton, bulk FOB Northwest Coast
US 2 48 LBS Barley                     242.00-280.00   unch-dn 10.00
US 2 Yellow Corn
 Single rail car delivery-
  North of Seattle                     258.75-261.75   up 3.00-2.50
  Seattle area                         255.00-259.75   up 2.75-2.50
  Portland area                        254.00-257.50   up 3.00-2.50
  Rail-Truck Willamette Valley         260.00-275.75   unch-up 2.75
  Rail Yakima Valley                   NA
  Truck Yakima Valley                  251.75-255.75   up 6.75-2.50
US 2 Heavy White Oats                  230.00-245.00   unch
* Not well tested.
Source: USDA Market News Service, Portland, OR

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STAT News Service