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DDGS prices FOB ethanol plants rose this week on stronger domestic livestock demand and tighter supplies below year-ago levels. Soymeal rallied, lifting Kansas City soymeal prices and supporting the DDGS market.
Export offers were higher but buyers remained patient, with only a few combo vessels trading.
Firmer DDGS and soymeal prices raise the cost of inclusion for ruminant and swine feed buyers, while tighter supplies and seasonal fall demand support near-term values.
grains.orgAug 14, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Reports soymeal rallied during the week, lifting Kansas City meal prices, directly describing meal price strength heading into the move.
