|Class III Milk:
Protein Markets (Soybean Meal)
Despite a bounce higher in the soy complex Tuesday, most other protein feed markets are still trying to catch up with the previous losses. Soybean futures and soybean meal futures posted moderate gains on Tuesday. This pushed soybean meal futures $3.60 per ton higher and sparked a $3-per-ton rally across the cash soybean meal market Wednesday morning. Canola meal prices once again followed the soybean complex. This pushed most prices $3 per ton higher. ...