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DTN's average DDG price was $271 per ton for the week ended Feb. 2, down $2 from a week earlier across 35 locations.
Soymeal price gains supported the broader feed market, and export offers from barge CIF NOLA rose $7 to $10 per metric ton on a thin pipeline.
Rising soybean meal prices make DDG a better value for feeders, but softer spot prices show that domestic supply remains ample, leaving the DDG price outlook mixed to weaker.
dtnpf.comMary KennedyFeb 3, 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.
