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DTN's average price for domestic distillers dried grains was $258 per ton across 35 locations for the week ended March 30, up $1 from a week earlier. Prices were mostly steady as firmer cash corn and a soybean meal recovery offset weaker barge and freight offers.
EIA data showed US ethanol output at 1.003 million bpd, 3.2% below a year earlier.
DDGS tracks corn and soymeal, so firmer corn and meal support feed buyers' costs. Stable DDG prices with a modest uptick point to little near-term relief from this feed ingredient.
dtnpf.comMary KennedyMar 31, 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.
