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DDGS prices fell $9.25/MT FOB ethanol plant through the week, with weaker soymeal values and quiet end-user demand after earlier aggressive buying. Supplies are rising as plants exit spring maintenance, and Barge CIF NOLA values were down $15/MT for June-August shipment.
Lower DDGS prices reduce feed ingredient costs for livestock and poultry buyers, while rising supply adds further downward pressure. The softer soymeal values are also weighing on the co-product.
grains.orgMay 12, 2022grains.orgMay 12, 2022Not enough comparable past events yet for a historical read.
Not 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.
