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S&P Global expects DDGS prices to fall in 2025 as policy shifts take hold. Proposed year-round E15 sales would support ethanol but likely pressure DDGS, and proposed tariffs threaten export flows while cheap soybean meal competes on price.
Lower DDGS values reduce a feed-cost alternative for cattle and hog buyers, and tariff risk on exports could add pressure on domestic values.
spglobal.comLuke LundgrenDec 23, 2024Not enough comparable past events yet for a historical read.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
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.
