| Corn: |
$3.92 |
| Soybeans: |
$10.39 |
| Soybean Meal: |
$316.50 |
| Live Cattle: |
$83.95 |
| Feeder Cattle: |
$92.17 |
| Lean Hogs: |
$56.65 |
| Class III Milk: |
$14.06 |
Protein Markets (Soybean Meal):
Buying from commercials and noncommercials alike allowed soybean meal futures to close sharply higher Thursday. According to DTN Analyst John Sanow, bullish underlying fundamentals and a short-term uptrend should lead to a test of the next price target at $324.60. December 2009 futures closed at $318.40, up $7.90. January 2010 futures closed at $311.10, up $9.00; and March 2010 futures closed at $305.60, up $8.50. Cash high-protein soybean meal prices also rose, up from ...
