NEWS
DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Wed Feb 10, 2016 11:43 AM CST

GENERAL COMMENTS:

Soybeans ended the day slightly higher and corn was lower as reactions to the USDA reports caused both markets to spend much of the day weaker.

Opening Prices:
Corn (March): $3.61
Soybeans (March): $8.63 1/2
Soybean Meal (March): $263.30
Live Cattle (February): $132.200
Feeder Cattle (March): $150.425
Lean Hogs (February): $65.500
Class III Milk (February): $13.77

PROTEIN MARKETS (SOYBEANS/MEAL):

Soybeans closed slightly higher even with what was considered a bearish stocks estimate. USDA estimated ending soybean stocks at 450 million bushels in 2015-16 vs. their last estimate of 440 million. This estimate was higher than expected and was ...

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