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The DTN weekly average spot price for domestic DDG rose $7 to $151 per ton for the week ended September 17, across 40 locations. Supplies are tight in some areas as demand stays firm, and DDG value relative to corn reached 112.67%, above the 5-year average.
A higher DDG price relative to corn and soymeal makes the feed more expensive to substitute, supporting feed-cost pressure for buyers. The firm tone reflects the same tight-supply conditions seen in export markets.
dtnpf.comMary KennedySep 18, 2020Not 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.
