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US DDGS prices firmed, with FOB ethanol plant DDGS up $3/MT to $154/MT and Kansas City soymeal up $2.75/MT. Lower ethanol and DDGS production and strong domestic hog-ration demand supported prices.
International buyers are covering Q4 and Q1 2021 needs, and Gulf export offers rose.
Reduced DDGS output and strong feed demand tighten supply and lift DDGS prices, which compete with soymeal in rations. A DDGS-to-soymeal ratio below its average can shift feed formulation toward soymeal.
grains.orgSep 24, 2020grains.orgSep 24, 2020grains.orgSep 24, 2020grains.orgSep 24, 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.
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.
