DTN Daily Feedstuffs Comments
Tue Apr 16, 2013 02:34 PM CDT

Opening Prices:

Corn: $6.48
Soybeans: $14.08
Soybean Meal: $398.00
Live Cattle: $125.35
Feeder Cattle: $136.55
Lean Hogs: $86.75
Class III Milk: $17.61

Protein Markets (Soybean Meal)

Sharp losses in most commodity markets and weakness in financial values Monday have led to price pressure across the feed market. Futures prices tumbled sharply lower in the soy complex with soybean values falling nearly 20 cents per bushel and front month soybean meal prices losing $6.90 per ton. This weakness in the market added follow through pressure in cash markets with most traders just trying to keep up with moves in the futures ...

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