USDA Market Report



MS_GR215  
Minneapolis, MN    Tue November 12, 2019         USDA Market News

Minnesota Feedstuffs - Prices for the week ending Tuesday, November 12, 2019
**All prices are quoted per ton, unless otherwise noted. **

Oilseed and Animal feedstuffs were mixed this week 

Oilseeds:
   The January Soybean Meal futures closed 0.70 cents lower at 304.4 and March closed 
1.00 lower at 307.60. The December Soybean Oil futures closed 54 points loweer at 
31.03 centers per pound and March closed 54 points lower at 31.51 cents per pound.  
The Rail delivery of high protein Soybean Meal in Minnesota was 1.70 higher from 
271.40-274.40, the basis was from 33.00-30.00 under the January Soybean Meal futures. 
Linseed Meal, 34 pct protein was mixed, 10.00 lower to 5.00 higher at 225.00 in the 
North Dakota-Minnesota area. Sunflower Meal, 13 pct fiber, 34 pct protein was 5.00 to 
10.00 lower from 150.00-180.00 in the North Dakota-Minnesota area. Canola Meal was 40 
cents lower from 202.30-227.30 with the basis from 100.00 to 75.00 under the December 
Soybean Meal futures. Soybean Oil in Minnesota was mixed, 54 points lower to 46 
points higher from 31.03-32.53 cents per pound, the basis ranged 0 (option) to 150 
points over the December soybean oil futures.

Animal Protein: 
   Meat and Bone Meal, 50 pct protein was steady to 30.00 lower from 175.00-220.00; Pork 
was steady to 30.00 higher from 175.00-220.00.  Yellow Grease was 19.50-22.00 cents 
per pound. Choice White Grease was 19.75-23.00 cents per pound. Feather Meal was from 
325.00-400.00.00. Ruminant Blood Meal was steady to 75.00 higher from 500.00-625.00; 
Pork was 50.00 higher at 625.

Millfeeds:
  Wheat Middlings were 5.00 higher from 110.00-130.00

Bids/Offers prices are bulk per ton, in carlots unless specified. 
Animal ingredients are delivered MPLS, other ingredients are FOB.
                                      
                              This Week       Last Week       Last Year    
Soybean Meal, 46.5 pct (R)    271.40-274.40   269.70-272.70   269.90-273.90
Linseed Meal, 34 pct          225.00          220.00-235.00   200.00-220.00
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                150.00-180.00   160.00-185.00   160-00-180.00
Canola Meal, 36 pct protein 
                              202.30-227.30   202.70-227.70   228.90       
Soybean Crude Oil,  
 Cents per pound              31.03-32.53     31.57-32.07     28.55-30.05
Meat and Bone Meal, 50 pct    175.00-220.00   205.00-220.00   190.00-235.00
Feather Meal, 80 pct          325.00-400.00   315.00-325.00   440.00-550.00
Yellow Grease, 
   Cents per pound            19.50-22.00     19.50           18.00-19.00
Choice White Grease,
   Cents per pound            19.75-23.00     19.75-20.75     20.00-21.00
Wheat Middlings               110.00-130.00   105.00-125.00   65.00-85.00 

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