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DTN's average spot price for domestic distillers dried grains rose $12 to $217 per ton for the week ended January 7 across 40 locations. Tight supplies in some states, higher soybean meal prices and a rise in cash corn all contributed.
DDG value relative to corn was about 123%, against a five-year average of 109%.
DDG prices are tracking higher protein and corn costs, which raises the price of this feed alternative for buyers. Strong relative value to corn could pull demand toward DDGS.
dtnpf.comMary KennedyJan 8, 2021Not 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.
