DTN Daily Feedstuffs Comments
Thu Jan 24, 2013 11:06 AM CST

Opening Prices:

Corn: $7.15
Soybeans: $14.18
Soybean Meal: $409.30
Live Cattle: $126.10
Feeder Cattle: $144.20
Lean Hogs: $87.10
Class III Milk: $18.15

Protein Markets (Soybean Meal)

The lack of follow-through support in the soybean complex early in the week has led to a moderate to active selloff in most protein feed markets early Thursday morning. Soybean futures posted double-digit losses Wednesday, which left additional uncertainty in the direction of the market as well as pressure in the soybean meal complex. Soybean meal futures prices set the tone for the market by posting a $5.10 per ton loss, closing at $416.50 ...

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