NEWS
DTN Daily Feedstuffs Comments
Tue Dec 11, 2012 03:24 PM CST

Opening Prices:

Corn: $7.28
Soybeans: $14.80
Soybean Meal: $454.50
Live Cattle: $125.20
Feeder Cattle: $150.90
Lean Hogs: $82.00
Class III Milk: $18.53

Protein Markets (Soybean Meal)

The light buyer support that redeveloped early in the week helped to push soybean and soybean meal prices slightly higher Monday. This caused futures contracts to close $1.90 per ton higher and left cash markets mixed to mostly higher early Tuesday. Cash prices were grouped in a relatively tight trading range of $1 per ton lower to $2 per ton higher, with prices in Iowa averaging $450 per ton. Canola meal prices were much ...

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