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DTN's average price for domestic distillers dried grains fell $3 to $254 per ton for the week ended April 27, across 35 reporting locations. Lower soybean meal and sharply weaker cash corn drove the decline, and EIA data showed US ethanol output dipping to 967,000 bpd.
DDGS is priced off corn and soybean meal, so the drop in both lowers the cost of this feed alternative for buyers. Weaker corn and cheaper barge rates keep export offers competitive.
dtnpf.comMary KennedyApr 28, 2023Not enough comparable past events yet for a historical read.
Not 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.
