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The DTN spot price for domestic DDG from 33 locations fell $2 to $160 per ton for the week ended June 13. Merchandisers reported slow demand, especially where hot temperatures were a factor, while the DTN corn index rose 8 cents.
Softer DDG prices make this corn co-product cheaper against corn and soybean meal, which can pressure feed rations toward lower-priced DDG.
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.
