Loading…
DTN's average DDGS price fell $14 to $228 per ton for the week ended May 18 across 33 locations. Falling cash corn and a rise in ethanol plant output increased supplies and weighed on prices.
Lower cash corn and higher DDGS supply reduce the feed price for buyers, and the drop signals continued pressure on the by-product's value relative to corn and soymeal.
dtnpf.comMary KennedyMay 19, 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.
