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The DTN average price for domestic distillers dried grains across 34 locations fell $9 to $250 per ton for the week ended June 2. Rising ethanol plant output and weaker cash corn pressured prices, and DDG's value relative to corn stood at 95.86%.
Rising ethanol plant output increases DDG supply and lowers its price, making DDG a cheaper protein alternative to soybean meal for feed formulators. Weaker corn also reduces the value of DDG relative to grain.
dtnpf.comMary KennedyJun 3, 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.
