USDA Livestock, Poultry & Grain Market News – Compared to two weeks ago, bid prices for feed grade corn steady to 1.00 higher with all other feed grade bids steady. Feed grade corn traded 31 cents higher, due to corn trades in Eastern Illinois and states east firming up. Feed soybeans traded sharply lower on a light test.
The bulk of soybean movement was on previous contracts. India soybean offers remain at lower than normal levels due to internal currency issues. Soybean meal traded 10.00 per ton higher on limited trades. Soybean oil traded steady on good demand. Buyers are receiving previously contracted food grade wheat.
Food wheat with protein levels above 13 per cent are short in supply. Feed wheat traded 23 cents higher. Contracted feed grade beans are moving. Organic hay trades too limited to trend. Trade activity on all other organic grains inactive.
To view the latest market report courtesy of the USDA, click here.
*All prices listed in US dollars