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The DTN average price for domestic DDG from 33 locations was $187 per ton for the week ended Nov. 4, unchanged from the prior week.
Demand was quiet while soybean meal prices rose, and ethanol production rose for a fifth straight week to 1.107 million bpd.
Steady prices reflect quiet DDG demand offset by firmer soymeal, and rising ethanol output keeps supply ample. The net price implication is neutral.
dtnpf.comMary KennedyNov 5, 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.
