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China's average domestic DDGS price fell 7.55% during June, from RMB 2,736/ton at the start of the month to RMB 2,530/ton at month-end. Falling hog prices pulled down raw corn values, aquaculture demand was weak, and some alcohol plants shut for maintenance and sold inventory.
Prices fell below RMB 2,500/ton by month-end.
Weak Chinese hog and aquaculture feed demand reduces demand for DDGS and substitute meals, which can weigh on feed ingredient prices. Plant shutdowns may limit further declines in supply.
sunsirs.comJun 30, 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.
