DTN Daily Feedstuffs Comments
Thu Jan 3, 2013 11:34 AM CST

Opening Prices:

Corn: $6.90
Soybeans: $13.90
Soybean Meal: $401.50
Live Cattle: $132.75
Feeder Cattle: $151.20
Lean Hogs: $86.05
Class III Milk: $17.99

Protein Markets (Soybean Meal)

Widespread pressure developed through the protein feed ingredient markets early Thursday following sharp selling pressure in the soybean complex Wednesday. The combination of funds reallocating investment strategies after the first of the year, and pressure based on China cancelling previous imports of soybeans has added widespread pressure to most markets. Soybean meal futures fell $13.50 per ton lower Wednesday, which led cash markets around the country to post uniform $14 per ton losses on ...

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