DTN Daily Feedstuffs Comments
Thu Jun 20, 2013 02:25 PM CDT

Opening Prices:

Corn: $6.74
Soybeans: $15.09
Soybean Meal: $450.50
Live Cattle: $120.07
Feeder Cattle: $144.65
Lean Hogs: $99.80
Class III Milk: $18.02

Protein Markets (Soybean Meal)

Firmness in the soybean complex Wednesday helped draw additional light support into soybean meal. Front month contracts posted a $1.80 per ton gain on the exchange. This helped draw additional buyer support into the cash markets. Although buyer aggressiveness has slowed since early in the week, prices still gained $2 to $3 per ton in cash markets Wednesday. This is focusing on the potential for still tight supplies of soybean meal through the month ...

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