US Cash Soymeal-Rail offers mixed, trucks steady/weaker

CHICAGO: Spot basis offers for US soymeal were mixed at US rail points on Friday but truck offers were steady to weak, pressured by sluggish demand from end-users such as livestock and poultry producers, dealer said.

* Demand for soymeal has been relatively quiet this month following a flurry of buying in December ahead of the end-year holidays, one broker said.

* Milder weather in recent weeks may have slowed feed demand but temperatures fell this week in the Midwest.

* Truck offers fell by $7 per short ton at Mankato, Minnesota.

* CIF bids and offers and FOB export offers fell by $1 to $2 a ton at the US Gulf, indicating softening export demand.

* Chicago Board of Trade March soymeal futures settled down $2.20 at $314.60 a ton.