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The DTN average DDG price from 34 locations was $237 per ton for the week ended Nov. 10, down $5 from a week earlier.
Cash corn declines added pressure, and the DTN National Corn Index fell 23 cents. EIA reported U.S. ethanol output up 1.1% to 1.051 million bpd, the highest since June.
Weaker corn and a modest rise in ethanol-driven DDG supply point to lower feed ingredient costs for buyers. The price effect is modest and follows the prevailing corn trend.
dtnpf.comMary KennedyNov 11, 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.
