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The DTN average DDG price fell $10 to $207 per ton for the week ended June 8. Ethanol output rose 32,000 bpd week on week to 1.036 million bpd, keeping plants well supplied with DDG.
Higher ethanol output means more DDG supply reaching the market, which pressures spot prices. Feed buyers may find DDG cheaper while production stays elevated.
dtnpf.comMary KennedyJun 9, 2023Not 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.
