Soybean meal prices in Central Illinois hit 2-year low

Author: Alexandra Watts

Soybean meal prices in Central Illinois hit 2-year low

DDG prices were lower in the Channahon, IL, Indiana, Illinois, Iowa and Ohio markets, while other regions remained steady on Monday April 8. Market participants said that values were lower despite the stronger cash corn price this past week and lower plant production. Sources anticipate that prices will stabilize for the remainder of the month because of the shutdown season.

CME grain prices were mixed on Monday. May wheat fell $0.015, closing at $5.65/bu, and May soybeans decreased by $0.035, settling at $11.81/bu....

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