NEWS
DTN Daily Feedstuffs Comments
Wed Feb 6, 2013 10:52 AM CST

Opening Prices:

Corn: $7.22
Soybeans: $14.83
Soybean Meal: $435.00
Live Cattle: $128.15
Feeder Cattle: $148.70
Lean Hogs: $88.10
Class III Milk: $17.10

Protein Markets (Soybean Meal)

The continued support in the soybean market Tuesday has helped spark additional support through several protein feed markets. Traders pushed soybean meal prices $4.20 per ton higher on the futures market, and this led to cash prices increasing from $2.50 to $5 per ton. Prices for soybean meal in Iowa are averaging $440 per ton as traders focus on the expected strong demand for soybeans over the near future and increased uncertainty about the ...

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