DTN Daily Feedstuffs Comments
Fri Jan 25, 2013 01:29 PM CST

Opening Prices:

Corn: $7.20
Soybeans: $14.33
Soybean Meal: $414.50
Live Cattle: $126.95
Feeder Cattle: $144.60
Lean Hogs: $87.02
Class III Milk: $18.11

Protein Markets (Soybean Meal)

The late day support in the soybean futures market Thursday did not create significant follow-through support in either the soybean meal futures or cash markets. Prices in early trade Friday were generally $2 per ton lower in cash soybean meal markets with prices in Iowa hovering around $15 per ton. Light to moderate losses developed in several other ingredient markets with canola meal prices falling $2 to $3 per ton, while both whole cottonseed ...

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