date:Jul 25, 2012
of tight supplies, predictions of lackluster export demand and a need for livestock producers to take drastic action to remain profitable as feed costs soar, said Brian Harris, vice-president of Minneapolis-based Global Risk Management. In his view, once soybean meal crossed the $500-a-ton level, U.S. soymeal became less attractive to exporters and pressure built to start thinning herds of cattle because feeding them was prohibitively expensive, he said.
Soybeans are at a stage of their developm