|Class III Milk:
Protein Markets (Soybean Meal)
Futures prices of soybeans and soybean meal moved in separate directions late last week. This focused more soybean market buying on old-crop supplies, while soybean meal futures seemed to move in the direction of deferred soybean contracts, which posted light to moderate losses. Soybean meal futures fell $1 to $2 per cwt through the complex late last week. This is creating moderate pressure on the cash market through the early week. Front month soybean ...