
DTN's weekly average spot DDG price fell $14 to $160 per ton for the week ended June 11, with some plants posting sharply lower prices. Corn futures dropped 33 cents since June 1 and soymeal prices were lower.
Merchandisers cited weak demand and high inventory.
High DDG inventory combined with lower corn and soymeal prices points to continued feed-ingredient price pressure. Buyers can expect cheaper co-product feed unless demand recovers.
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.