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DDGS values rose $5 to $7 per metric ton in the week, as domestic demand stayed strong and export interest began to increase. The USDA reported December DDGS production of 1.523 million metric tons, down 5.6% from November and 19% year over year, partly due to bitter cold and icy conditions.
Tighter production after weather-related plant disruptions, combined with firm export and domestic demand, supports DDGS prices for feed buyers.
grains.orgFeb 2, 2023Not 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.
