October soybean meal prices settled at $319.90 this afternoon, up $7.20 from yesterday’s close. The soybean complex saw a boost from today’s WASDE report which cut yields and carryout from the August report. On a per protein basis, a $320 soybean meal market would be supportive of a meat and bone meal market over $330. Heavy supplies and all veg diets have changed the relationship between animal proteins and soybean meal, but bean meal does still provide guidance to the market. Any feeder with space in their rations should be stuffing more animal proteins in to maximize least cost formulations. The October bean meal market is up 8.5 percent over the last two and a half weeks. With more of the October market starting to come into view of the cash market and cattle slaughter reductions forecast over the next six weeks, there is risk for higher prices in…