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The U.S. Grains Council weekly DDGS report shows the FOB Gulf DDGS-to-soybean meal spread at $150 per ton, down from $155, and the DDGS-to-corn spread at $21.74, down from $24.80. U.S. ethanol output averaged 1.123 million barrels per day, up 32,000 from the prior week.
Narrower DDGS discounts to meal and corn signal DDGS is becoming relatively less attractive as a feed ingredient, while steady ethanol output keeps supply ample.
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.