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A Beef Magazine analysis found corn and DDG prices have a 0.86 correlation from 2006 to 2022, with a regression indicating a 1% corn price move shifts DDG prices by about 0.77%. Using CBOT futures, 2023 corn was projected at $6.25 to $7.00 per bushel and soybean meal at $380 to $410 per ton, implying Kansas DDG prices of $250 to $280 per ton.
Buyers budgeting for 2023 can use projected corn and soybean meal prices to estimate DDG costs. The analysis is a forward-looking model, not a new market event.
beefmagazine.comNov 9, 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.
