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DDGS prices fell across the board on March 25 as demand slowed. Buyers had locked in meal at -35 to -30 basis, weighing on the DDG market.
Plants were tight on feed ahead of shutdown season, while most CME grains rose, with May soybeans up 16.75 cents to $12.09/bu.
Softer DDGS prices lower the cost of a substitute feed for corn and meal buyers, but the lock-in of meal and approaching plant shutdowns limit the downside. Soymeal's gain and firmer soybeans leave the broader complex mixed.
thejacobsen.comAlexandra WattsMar 25, 2024Not 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.
