SJ_GR225  ****Correction on Weighted Average below Narrative***
St. Joseph, MO    Wed Mar 11, 2009    USDA-MO Dept Ag Market News

Corn Belt Feedstuffs
Wholesale Bids.  Truck or Rail dollars per ton.

   Feedstuff prices were mix for the week.  Demand light with supplies readily
available.  Feeds found pressure from lack of consumer demand, while other
ingredients found support from the higher commodity futures.

   SOYBEAN MEAL:  48 percent rail was 60 cents to 7.60 higher from
283.30-285.30
per ton.  48 percent truck was 4.60 higher from 286.30-291.30 per ton.
   CORN BY-PRODUCTS:  Gluten Feed 21 percent, FOB Midwest barge was 5.00 lower
from 60.00-75.00 per ton; rail was steady to 3.00 lower from 70.00-85.00 per
ton; truck was steady to 10.00 lower from 80.00-105.00 per ton; weighted
average
was 3.04 lower at 81.60 per ton.  Weighted average price based on the movement
volume by transportation method.  60 percent Gluten Meal, FOB Midwest was
10.00-
15.00 lower from 380.00-490.00, mostly 440.00-460.00 per ton.  Hominy Feed,
Central Illinois Point rail was steady to 2.50 higher from 90.00-95.00 per ton;

trucks were steady to 2.50 higher from 94.00-100.00 per ton.  Crude Corn Oil wa
s
50 points lower to 50 points higher from 29.00-30.00 cents per pound.
   MILLFEEDS:  Chicago was 10.00-12.00 lower from 80.00-105.00 per ton; Buffalo

was 10.00-35.00 lower from 70.00-95.00 per ton.
   DISTILLER'S DRIED GRAINS:  Eastern Corn-belt was steady to 1.00 higher from
120.00-140.00 per ton; Chicago area was steady to 50 cents higher from 112.50-
130.00 per ton; Lawrenceburg, IN was steady at 125.00 per ton; Nebraska was
steady to 1.00 higher from 125.00-130.00 per ton; Minnesota was 5.00 lower to
5.00 higher from 120.00-125.00 per ton; Kansas was 3.00-20.00 lower from
125.00-
130.00 per ton.  Iowa was steady from 120.00-125.00 per ton.  Northern Missouri

was steady to 2.00 higher from 118.00-132.00 per ton.
   ALFALFA PELLETS:  Toledo, Ohio 17 percent dehydrated were steady at 285.00
per ton; meal was steady at 289.00 per ton, with 1/2 percent oil at 292.00 per
ton, with 1 percent oil at 295.00 per ton.

      Commodity                           Bids           Change
  Soybean Meal, 48 percent
      (Central Ill.  Rail)           283.30-285.30       up 7.60-.60
  Soybean Meal, 48 percent
      (Central Ill.  Truck)          286.30-291.30       up 4.60
  Gluten Feed Pellets 21 Percent
      FOB Midwest (IA,IL,IN,)
                         Barge         60.00-75.00       dn 5.00
                         Rail          70.00-85.00       dn 3.00-unch
                         Truck         80.00-105.00      unch-dn 10.00
                        Wtd Avg        ***81.60***       dn 3.04
  Gluten Meal 60 Percent
      FOB Midwest (IA,IL,IN)          380.00-490.00      dn 15.00-10.00
                               Mostly 440.00-460.00
  Millfeeds Truck:
      (Chicago)                        80.00-105.00      dn 12.00-10.00
      (Buffalo, NY)                    70.00-95.00       dn 35.00-10.00
  Hominy Feed:
      Central IL Points    Rail        90.00-95.00       unch-up 2.50
                           Truck       94.00-100.00      unch-up 2.50
Crude Corn Oil: (cents/lb)
                  (Midwest)            28.50-30.50       unch
  Distillers Dried Grains:
  FOB the plant 10 pct moisture;
  28-30 pct protein
      (Eastern Corn-Belt)             120.00-140.00      up 1.00-unch
      (Chicago, IL Area)              112.50-130.00      up .50-unch
      (Lawrenceburg, IN)                 125.00          unch
      (Nebraska)                      125.00-130.00      up 1.00-unch
      (Minnesota)                     120.00-125.00      up 5.00-dn 5.00
      (Kansas)                        125.00-130.00      dn 3.00-20.00
      (Iowa)                          120.00-125.00      unch
      (Northern Missouri)             118.00-132.00      unch-up 2.00
  Alfalfa Pellets
  17% Dehy Alfalfa
      Pellets (Toledo, OH)               285.00          unch
  17% Meal (Toledo, OH)
           Without oil                   289.00          unch
           With 1/2 pct oil              292.00          unch
           With 1 pct oil                295.00          unch

**nominal offers**
**All bids quoted per ton unless otherwise noted**

Source:  USDA- MO Dept of Ag Market News Service, St. Joseph, MO
         Baldemar Ortiz, Market Reporter (816)238-0678
         For more Feedstuff Market News:
         www.ams.usda.gov/lsg/mncs/ls_fds.htm

0935c    bro


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