# Market Perspectives – September 24, 2020 - Page 6 of 10 - U.S. Grains & BioProducts Council

> 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.

- Date: 2020-09-24 · published 2020-09-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12153-market-perspectives-september-24-2020-page-6-of-10-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- DDGS: bullish ▲
- BARLEY: bullish ▲
- OCEANFRT: bullish ▲

## Sources

- grains.org: https://grains.org/ddgs_report/ddgs-weekly-market-report-september-27-2020/
- grains.org: https://grains.org/market_perspectives/market-perspectives-september-24-2020/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-september-24-2020/7/
- grains.org: https://grains.org/market_perspectives/market-perspectives-september-24-2020/9/

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