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U.S. DDGS spot prices are stabilising as soymeal supply fundamentals become clearer ahead of summer. Drought in western U.S. states is pushing traders to supply farms that do not normally use DDGS.
Meat and bone meal ruminant prices fell with soy values, and trading slowed in the Middle East and Asia during Ramadan.
Lower soymeal values and weaker Asian demand are pressuring MBM prices. Drought-driven feed demand in the West provides some support for DDGS.
live.allaboutfeed.netGlowlitApr 21, 2021
foodagribusiness.worldGlowlitApr 21, 2021Not enough comparable past events yet for a historical read.
Not 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.
