NEWS
DTN Daily Feedstuffs Comments
Rick Kment DTN Analyst
Fri May 9, 2014 11:14 AM CDT

Opening Prices:

Corn (July): $5.15

Soybeans (July): $14.68

Soybean Meal (July): $478.80

Live Cattle (June): $137.60

Feeder Cattle (May): $183.50

Lean Hogs (June): $120.55

Class III Milk (May): $22.84

Protein Markets (Soybean Meal):

Moderate to strong buyer support quickly developed in soybean meal futures following the 20 to 24 cent rally in soybean prices Thursday. Prices through most of the Midwest increased $1 to $7 per ton although overall commercial buyer support in cash markets seemed to remain spotty. There is uncertainty about just how much follow-through support will be maintained late in the week. Traders are also focusing on ...

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