|Class III Milk:
Protein Markets (Soybean Meal)
Sharp gains quickly developed through the grain complex Monday. This movement was sparked by additional cold and wet weather forecasts that already has planting and field work delayed through most of the Midwest. Soybean futures rallied sharply higher, which led soybean meal futures to move $13.50 per ton higher at closing bell Monday afternoon. Renewed buyer support sparked increased focus on cash prices. Cash markets started to adjust with $13 to $15 per ton ...