|Class III Milk:
Protein Markets (Soybean Meal)
Sharp losses in nearly all commodity markets and significant pressure in the stock market Thursday quickly turned the tone lower for protein feed sources. Soybean meal futures posted an $8 per ton dip following double-digit losses in the soybean market. Cash soybean and canola meal prices closely followed the moves in the futures market with $8 per ton price declines uniformly seen through most of the country. This is creating some pressure through the ...