DTN Daily Feedstuffs Comments
Wed Jun 19, 2013 12:04 PM CDT

Opening Prices:

Corn: $6.66
Soybeans: $15.11
Soybean Meal: $450.50
Live Cattle: $119.60
Feeder Cattle: $143.80
Lean Hogs: $100.00
Class III Milk: $18.03

Protein Markets (Soybean Meal)

The light support in the soybean complex on Tuesday helped to draw additional buyer support into the soybean meal futures market. This sparked moderate to strong gains in cash soybean meal and canola meal markets Wednesday morning. This support in the complex could draw additional widespread gains into other ingredients through the rest of the week. Cash soybean meal prices jumped as much as double the gains in the futures markets. Prices were seen ...

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