Loading…
DTN's average price for domestic distillers dried grains was $248 per ton for the week ended Feb. 24, up $10 from a week earlier, extending a ten-week winning streak.
Feeder demand and higher soybean meal prices supported the gains, and a merchandiser said some plants are preparing for maintenance that will keep supplies tight in some areas. EIA data showed U.S. ethanol output holding above 1 million bpd.
Tighter DDGS supply and firm soymeal prices support feed costs for buyers, and the steady climb suggests limited near-term relief unless ethanol output or feeder demand softens.
dtnpf.comMary KennedyFeb 25, 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.
