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USDA - AMS: Minneapolis Weekly Feedstuffs Report (2019-05-28)

USDA U.S. Department of Agriculture - May 28, 2019

MS_GR215  
Minneapolis, MN    Tue May 28, 2019           USDA Market News

Minnesota Feedstuffs - Prices for the week ending Tuesday, May 28, 2019
**All prices are quoted per ton, unless otherwise noted. **

Oilseed and Animal feedstuffs were mixed this week 

Oilseeds:
   The July Soybean Meal futures closed 17.50 higher at 312.80 and August closed 
17.00 higher at 313.90. The July Soybean Oil futures closed 15 points higher at 27.29 
cents per pound and August closed 15 points higher at 27.41 cents per pound. The Rail 
delivery of high protein Soybean Meal in Minnesota was 14.50 to 19.50 higher from 
282.80-284.80, the basis was mixed from 3.00 lower to 2.00 higher from 32.00 to 25.00 
under the July Soybean Meal futures. Linseed Meal, 34 pct protein was steady to 5.00 
higher from 215.00-250.00 in the North Dakota-Minnesota area. Sunflower Meal, 13 pct 
fiber, 34 pct protein was steady to 5.00 higher from 135.00-145.00 in the North 
Dakota-Minnesota area. Canola Meal had limited trade at 227.80, the basis was limited 
at 85 under the July Soybean Meal futures. Soybean Oil in Minnesota was 15 points 
higher from 26.79-27.79 cents per pound; the basis was steady from, 50 points under 
to 50 points over the July soybean oil futures.

Animal Protein: 
   Meat and Bone Meal, 50 pct protein was steady to 5.00 higher from 195.00-220.00; 
Pork was steady to 10.00 lower from 220.00-225. Yellow Grease was steady to 50 points 
higher from 21.00-23.00 cents per pound. Choice White Grease was steady to 50 points 
higher from 25.50-26.00 cents per pound. Feather Meal was steady to 25.00 lower from 
325.00-375.00 with instances of 540. Ruminant Blood Meal was steady from 660.00-
800.00; Pork was steady to 25.00 lower from 750.00-825.00. 

Millfeeds:
  Wheat Middlings Ranged 80.00-90.00 with an instance of 63.00.

Bids/Offers prices are bulk per ton, in carlots unless specified. 
Animal ingredients are delivered MPLS, other ingredients are FOB.
                              May 14, 2019        
                              This Week       Last Week       Last Year    
Soybean Meal, 46.5 pct (R)    282.80-284.80   263.30-270.30  348.20-360-20
Linseed Meal, 34 pct          215.00-250.00   210.00-250.00  270.00-280.00
Sunflower Meal, 34 pct protein MN/NDAKOTA
  13 pct fiber                135.00-145.00   135.00-140.00   175.00-210.00
Canola Meal, 36 pct protein 
ltd                           227.80          203.00-218.00   275.20-290.20
Soybean Crude Oil, MN
 Cents per pound              26.79-27.79     26.64-27.64     29.96-30.21
Meat and Bone Meal, 50 pct    195.00-220.00   195.00-220.00   285.00-320.00
Feather Meal, 80 pct          325.00-375.00   325.00-400.00   525.00-610.00
Yellow Grease, 
   Cents per pound            21.00-23.00     20.50-23.00     21.00-26.00
Choice White Grease,
   Cents per pound            25.50-26.00     25.00-26.00     25.00-27.00
Wheat Middlings               80.00-90.00     80.00-90.00     75.00-95.00 

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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