DTN Daily Feedstuffs Comments
Thu May 9, 2013 01:59 PM CDT

Opening Prices:

Corn: $6.74
Soybeans: $14.77
Soybean Meal: $425.30
Live Cattle: $120.45
Feeder Cattle: $135.60
Lean Hogs: $91.97
Class III Milk: $18.59

Protein Markets (Soybean Meal)

Sharp gains quickly developed in the soybean meal market Thursday morning following aggressive price support in the futures market late Wednesday. The strong but steady support of soybean prices through the middle of the week has helped draw even more attention into both cash and futures markets. Cash prices gained $5 to $10 per ton as buyers look for potentially tight supplies to continue through the upcoming weeks and months. The idea that ...

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