DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Thu May 22, 2014 12:33 PM CDT

Opening Prices:

Corn (July): $4.74 1/2
Soybeans (July): $15.05
Soybean Meal (July): $497.6
Live Cattle (June): $138.500
Feeder Cattle (August): $197.100
Lean Hogs (June): $119.450
Class III Milk (June): $20.29

Protein Markets (Soybean Meal):

Soybean meal futures were pulled higher by soybean futures with July closing at $491.10, up $11.40 per ton and August at $470.10 up $9 per ton. Soybean meal followed the strength in soybeans with central Illinois up $12.50, Iowa and eastern Kansas up $11 and southern Minnesota up $12 per ton. Soybean oil futures moved higher with July up 40 points and August up 37 points. ...

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