|Class III Milk:
Protein Markets (Soybean Meal)
The fact that corn and soybean futures moved in opposite directions on the futures market Thursday led most ingredient prices to have to pick a direction. For the most part, soybean meal cash prices followed the support in the soybean and soybean meal futures market. The cash soybean meal market posted a $4 to $5 per ton gain at the end of the week based on expected tight supplies over the near future. ...