|Class III Milk:
Protein Markets (Soybean Meal)
Pressure in summer and new-crop soybean and soybean meal contracts Friday kept ingredient prices under pressure early Monday morning. Cash soybean meal prices fell from $4.50 to $8.50 per ton as traders tried to take into account the building pressure in deferred soybean contracts. There could be some rebounds seen in the market through the end of the day and the rest of the week based on renewed futures market support Monday morning. ...