NEWS
DTN Daily Feedstuffs Comments
Rick Kment DTN Analyst
Thu Oct 24, 2013 10:28 AM CDT

Opening Prices:

Corn (December): $4.41

Soybeans (November): $13.09

Soybean Meal (December): $423.00

Live Cattle (October): $132.10

Feeder Cattle (October): $166.15

Lean Hogs (December): $88.30

Class III Milk (October): $18.21

Protein Markets (Soybean Meal)

Strong buying, which is redeveloping in soybean futures, is drawing additional attention to soybean meal prices. Front-month soybean meal futures posted a $5.30 per ton gain Wednesday. This led to strong cash market gains Thursday as prices rallied $5 to $9 per ton through the country. Prices in Iowa increased $6 per ton, moving the cash average price to $425 a ton. Given the current support ...

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