DTN Daily Feedstuffs Comments
Tue May 14, 2013 02:41 PM CDT

Opening Prices:

Corn: $6.53
Soybeans: $14.21
Soybean Meal: $416.00
Live Cattle: $120.95
Feeder Cattle: $134.85
Lean Hogs: $91.05
Class III Milk: $18.53

Protein Markets (Soybean Meal)

Strong double-digit gains in the soybean market on Monday helped to draw aggressive price support into the soybean meal markets. Cash soybean meal prices rallied $3 to $9.50 per ton higher in most markets, although a few locations posted steady to slightly lower prices. The tone of the market seemed to indicate renewed buyer support, but this did not mean that all cash market buyers were as focused on the higher prices as ...

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