Loading…
DTN's average domestic DDG price was $296 per ton for the week ended May 5, down $4 week on week. Ethanol plant production rose for a second week, and lower soybean meal prices added pressure.
Rising ethanol output and cheaper soymeal are pushing DDG values down, lowering feed costs for buyers. The decline reflects routine supply-side pressure rather than a new shock.
dtnpf.comMary KennedyMay 6, 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.
