|Class III Milk:
Protein Markets (Soybean Meal)
Light pressure in the soybean market Monday led to slipping soybean meal futures prices. Front month soybean meal prices fell $1.50 per ton Monday. Cash prices through Tuesday morning were steady to $1 per ton lower. It is interesting that most cash markets are not able to fully move the pressure in futures markets through the cash markets. The reason could be uncertainty about whether additional pressure in the soybean markets and tight short-term ...