DTN Daily Feedstuffs Comments
Rick Kment DTN Analyst
Tue Oct 22, 2013 03:29 PM CDT

Opening Prices:

Corn (December): $4.43

Soybeans (November): $12.94

Soybean Meal (December): $411.50

Live Cattle (October): $130.40

Feeder Cattle (October): $165.67

Lean Hogs (December): $88.50

Class III Milk (October): $18.22

Protein Markets (Soybean Meal):

Strong gains across soybean markets lent moderate to aggressive support in soybean meal and canola meal prices early Tuesday. Soybean meal cash markets posted gains of $1 to $7.50 per ton higher with prices in Iowa averaging $420 per ton. The lack of consistency in grain markets over the last couple weeks may add to volatility in many feed markets and is creating uncertain buying patterns ...

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