# Memphis, TN feed prices USDA feedstuffs board prices for Memphis, TN, by ingredient and basis _Data through Aug 17, 2026 · source last checked Aug 27, 2026 · page revised Aug 27, 2026_ > 4 ingredients quoted in Memphis, TN as of Aug 17, 2026, up 0% on the week. USDA feedstuffs board. Four feed ingredients are quoted in Memphis, TN as of Aug 17, 2026, unchanged on the week. ## The numbers | Ingredient | Price | Range | Basis | | --- | --- | --- | --- | | Soybean hulls | $130/ton | $130/ton | FOB plant | | Cottonseed meal | $320/ton | $320/ton | FOB plant | | Whole cottonseed | $325/ton | $325/ton | FOB plant | | Soybean meal | $373/ton | $373/ton | FOB plant | ## About Memphis, TN feed prices This page lists every feedstuff USDA quotes for the Memphis, TN trade region, cheapest first, with each price's FOB-vs-delivered basis. Compare an ingredient's cost per unit of protein or energy on the [leaderboard](/leaderboard/cheapest-protein) before reading across regions: the cheapest board price is not the cheapest fed price. **What Memphis, TN prices.** USDA's feedstuffs board carries 4 feedstuffs for this region: Soybean hulls, Cottonseed meal, Whole cottonseed, Soybean meal. Every quote here is FOB at the plant, so the freight to a mill or a farm sits outside the number and has to be added before comparing against a delivered market. Across the board the range runs from Soybean hulls at the low end to Soybean meal at the high end, which is a spread in dollars per ton and not a ranking by feeding value. **Why a regional price differs from the national one.** A feed ingredient's price at any point is the plant price where it was made plus the cost of getting it to where it is used, so the gap between two regions is mostly a freight story. Regions with processing capacity inside them tend to quote below the national reference because the ton has not travelled; regions that consume more than they produce quote above it by roughly the haul. That difference is the basis, and it widens when trucks tighten, when fuel runs up, or when a local demand source outbids the freight-out market for the same tons. It moves for reasons that have nothing to do with the ingredient itself, which is why a regional quote can rise in a week when the national board is flat. ## Common questions ### What feed ingredients does USDA price in Memphis, TN? 4 feedstuffs on the current board: Soybean hulls, Cottonseed meal, Whole cottonseed, Soybean meal. The table above carries each one's price, USDA's published range and whether the quote is FOB at the plant or delivered. Which ingredients appear changes as trades are confirmed, so a feedstuff missing this week is usually a thin market rather than a gap in the reporting. ### Why are Memphis, TN feed prices different from the national price? Freight, mostly. A feed ingredient costs the plant price plus the cost of moving it to where it is fed, so a region with processing inside it quotes below the national reference and a region that consumes more than it produces quotes above it by roughly the haul. That gap is the basis, and it moves on trucking capacity, fuel and local demand rather than on anything about the ingredient. ### Does the cheapest price on this board mean the cheapest feed? No, for two reasons. The rows are not all on the same basis, so an FOB plant price and a delivered price are different numbers before freight is settled. And a price per ton says nothing about what the ton delivers: the comparison that matters is cost per unit of protein or energy, which is what the [nutrient-cost leaderboard](/leaderboard/cheapest-protein) computes across the whole feedstuffs menu. ## About this data - Source: USDA AMS feedstuffs board - Series: Feedstuff board prices by ingredient - Basis: FOB plant and delivered, as-fed - Geography: Memphis, TN - Unit: $/ton - Calculation period: Weekly - Last observation: Aug 17, 2026 - Update frequency: Weekly --- Cite: Memphis, TN feed prices from the USDA feedstuffs board, as of Aug 17, 2026. The Ration. https://the-ration.com/region/memphis Canonical URL: https://the-ration.com/region/memphis