|Class III Milk:
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 ...