|Class III Milk:
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 ...