
DTN reported the average spot price for domestic distillers dried grains was $187 per ton for the week ended May 7, down $1 week over week across 33 locations. DDG prices were mixed, cash corn fell 5 cents on the DTN National Average Corn Index, and soybean meal was steady.
DDG's value relative to corn and soybean meal sets its competitiveness in feed rations; a slight softening of DDG against corn and soymeal modestly weakens demand for the co-product.
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.