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The DTN average price for domestic distillers dried grains (DDG) from 35 locations was $269 per ton for the week ended Dec. 28, up $1 from a week earlier.
Prices were mixed but ended slightly higher on average. EIA data showed ethanol plant output at 963,000 bpd through Dec.
23, down 96,000 bpd from a year earlier.
Higher cash corn and slower ethanol production are tightening DDG supply, which supports feed prices. Rising corn costs narrow the margin for ethanol plants, so the price gain is limited by the risk of further production cuts.
dtnpf.comMary KennedyDec 29, 2022Not 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.
