# It Bears Repeating: Soybean Meal Prices Are Cheap

> DTN analyst Todd Hultman notes soybean meal settled at $314.10 per short ton on October 14, its lowest in over a year, and futures are at their lowest in eight years. Meal has also fallen relative to corn to the cheapest level since 2013.

- Date: 2021-10-15 · published 2021-10-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44682-it-bears-repeating-soybean-meal-prices-are-cheap
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Cheap meal relative to corn favors meal use in feed rations and supports buying interest, though the price trend itself is bearish for meal sellers.

## Read by commodity

- SBM: bearish ▼
- CORN: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/news/article/2021/10/15/bears-repeating-soybean-meal-prices

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.