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The DTN average DDG spot price rose 1 cent to $143 per ton for the week ended January 18, with tight supplies supporting values. Cold weather and plant slowdowns have constrained supply, while soybean meal gains increased demand for DDG in livestock rations.
Ethanol plant output recovered above 1.0 million bpd.
Tight DDG supply and stronger soybean meal prices raise the cost of competing protein sources for feed buyers. Ethanol output recovery could ease supply later.
dtnpf.comMary KennedyJan 19, 2018Not enough comparable past events yet for a historical read.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
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.
