DTN Daily Feedstuffs Comments
Fri Mar 22, 2013 03:29 PM CDT

Opening Prices:

Corn: $7.27
Soybeans: $14.44
Soybean Meal: $420.30
Live Cattle: $126.15
Feeder Cattle: $135.30
Lean Hogs: $78.25
Class III Milk: $16.98

Protein Markets (Soybean Meal)

Additional buyer support quickly jumped back into the soybean meal complex Thursday, following double-digit gains in the soybean market. Futures soybean meal prices posted a $9.10 per ton rally. This led cash prices to move higher. Locations posted gains of $9 to $10 per ton as they are trying to pass higher costs along while still trying to stay closely aligned with the market. Movement in protein prices remains very volatile over uncertainty about ...

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