DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Mon May 12, 2014 12:01 PM CDT

Opening Prices:

Corn (July): $5.05 1/4
Soybeans (July): $14.87
Soybean Meal (July): $487.3
Live Cattle (June): $138.400
Feeder Cattle (August): $191.675
Lean Hogs (June): $119.650
Class III Milk (June): $21.23

Protein Markets (Soybean Meal):

Soybean meal futures were higher with July closing at $487.300, up $6.60 per ton and August at $462.10 up $7.70. Average cash soybean meal prices followed with central Illinois, east Kansas and southern Minnesota up $6 and Iowa up $5.50 per ton. Weekly average meal prices were lower with central Illinois down $13.40, Iowa down $14.40, southern Minnesota down $8 and east Kansas down $11.20. ...

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