DTN Daily Feedstuffs Comments
Thu May 16, 2013 03:16 PM CDT

Opening Prices:

Corn: $6.49
Soybeans: $14.17
Soybean Meal: $411.30
Live Cattle: $120.17
Feeder Cattle: $135.07
Lean Hogs: $92.40
Class III Milk: $18.49

Protein Markets (Soybean Meal)

Light cash market pressure was seen though the soybean meal markets Thursday following light to moderate softness in soybean and soybean meal futures prices. Cash soybean meal prices fell a uniform $1 per ton through the day Thursday. Traders are looking for additional direction at the end of the week, and a lot of the focus is on world demand as well as potential weather conditions through the Corn Belt. Canola prices once ...

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