|Class III Milk:
Protein Markets (Soybean Meal)
Continued pressure in the soybean complex has pushed soybean meal futures lower once again with markets closing $3.50 per ton lower on Wednesday afternoon. This pushed cash prices $3 to $4 per ton lower Thursday morning and creating lackluster trade activity across most of the country. Although the market is under pressure, the lack of support in outside markets and the futures markets is unlikely to draw widespread buying activity back into the market ...