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DTN's average price for domestic distillers dried grains fell $7 to $221 per ton for the week ended May 25, across 33 reporting locations. Weak soybean meal prices and slower demand added pressure, and ethanol output was slightly lower year on year.
DDGS is a corn-based protein feed that competes with soymeal, so weaker soymeal and softer demand push DDGS values down and lower the cost of this feed input for buyers.
dtnpf.comMary KennedyMay 26, 2023Not 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.
