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The DTN average price for domestic distillers dried grains from 33 locations was $184 per ton for the week ended Nov. 18, up $1 from the prior week.
Spot soybean meal prices have surged on lysine shortage fears, and DDG prices have followed. Ethanol output rose to 1.060 million bpd.
DDG is priced against soymeal and corn, so the soymeal rally gives DDG some support and makes it more competitive in feed rations. The move is modest and mostly reflects the spillover from soymeal.
dtnpf.comMary KennedyNov 19, 2021Not 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.
