
DTN's weekly average spot price for domestic DDG fell $8 to $153 per ton for the week ended June 18, down $29 since late May. Export DDGS quotes from USGBC also dropped, with CIF NOLA barges at $209/mt.
Merchandisers described demand as very poor and soybean meal prices were also lower.
Falling DDG and soymeal prices signal ample protein supply and weak feed demand, which lowers feed-ration costs for buyers. The trend suggests further softness unless export or domestic feed demand improves.
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.