Spot prices were narrowly mixed while deferred values were mostly steady to firmer in a quiet week. Values were flat across all delivery periods in several regions, which discouraged significant forward contracting. Some market participants contended prices had found a temporary bottom as millfeed returned to formulations after recent price declines. In the Southeast, some seasonal demand late in the week from catfish growers helped business, although prices firmed only slightly. Others saw demand as steady at best as livestock moved to spring pastures, and some remained bearish on expectations that corn futures prices may decline as planting made considerable progress.
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