Market Activity

The market was quiet today with no trading reported. Soybean meal prices were off today by $3 after big gains on Friday. Prices for Argentine and Brazilian meal were up sharply today after a dry weekend and a dry forecast. The stronger South American prices should lend some support to the international market, which in turn should help keep the domestic US rally running.

Cattle Slaughter Outlook

Cattle kills were estimated at 607,000…