NEWS
DTN Daily Feedstuffs Comments
Fri May 17, 2013 12:53 PM CDT

Opening Prices:

Corn: $6.41
Soybeans: $14.35
Soybean Meal: $415.80
Live Cattle: $120.07
Feeder Cattle: $135.02
Lean Hogs: $93.50
Class III Milk: $18.52

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. ...

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