DTN Daily Feedstuffs Comments
Mon Apr 22, 2013 02:18 PM CDT

Opening Prices:

Corn: $6.45
Soybeans: $14.23
Soybean Meal: $411.50
Live Cattle: $125.75
Feeder Cattle: $133.70
Lean Hogs: $89.35
Class III Milk: $17.64

Protein Markets (Soybean Meal)

Soybean meal futures posted slight gains last Friday despite lack of support in the soybean market. Front month futures prices closed $1.40 per ton higher, at $412.40 a ton. Cash markets responded early Monday with prices $1 to $2 per ton higher based on the momentum seen earlier last week. Canola prices were also reported higher with prices steady to $3 per ton higher. The idea of focusing on the movement in the futures ...

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