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The DTN average price for domestic distillers dried grains from 35 locations was $234 per ton for the week ended Nov. 17, down $2 from a week earlier.
Lower cash corn prices and more DDG available to sell after recent production increases pressured prices. EIA data showed U.S. ethanol output falling 3.8% to a five-week low.
DDG prices track corn closely, so softer cash corn and rising supply weigh on the value of this feed ingredient. Buyers can expect continued pressure unless ethanol output recovers.
dtnpf.comMary KennedyNov 18, 2022Not 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.
