CROPS NEWS
DTN Daily Feedstuffs Comments
Rick Kment DTN Analyst
Thu Aug 28, 2014 10:44 AM CDT

General Comments:

Aggressive buying is seen in both cash soybean meal markets across the country as well as spot month soybean meal futures. Tighter supplies of old-crop soybeans and the need for processed meal product is leading to aggressive price surges through the end of August.

Opening Prices:

Corn (Sept): $3.55
Soybeans (Sept): $10.86
Soybean Meal (Sept): $418.50
Live Cattle (August): $153.95
Feeder Cattle (August): $218.22
Lean Hogs (October): $95.20
Class III Milk (Sept): $23.99

Protein Markets (Soybean Meal):

Protein prices continue to remain on fire with strong double-digit gains in many markets. Soybean meal markets led the surge ...

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