Loading…
DTN's average domestic DDG price fell $4 to $257 per ton for the week ended March 23 across 35 locations. Declining soybean meal prices pressured DDG while cash corn was largely unchanged.
EIA data showed ethanol output dropping 17,000 bpd to 997,000 bpd, the lowest since early January.
Weaker soymeal pulled DDG lower, and lower ethanol output reduces DDG supply over time. For feed buyers, the price softening offers a modest buying opportunity while supply tightens slightly.
dtnpf.comMary KennedyMar 24, 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.
