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The average U.S. spot DDG price slipped $1 to $245 per ton for the week ended May 13 on DTN's survey. Prices held up well despite steep losses in corn, and demand stayed good even with the usual spring slowdown.
Drought across the western U.S. has pasture conditions in poor shape.
Drought-driven pasture losses could push more cattle onto feed and support DDG demand. The small weekly decline suggests prices are holding firm against weaker corn.
dtnpf.comMary KennedyMay 14, 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.
