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DDGS prices, which rose more than $70 per ton during Covid-19 shutdowns, began easing in May as ethanol production restarts. A US Grains Council official said the ethanol industry recovery is hard to predict.
The comments were made at the US Asia Trade Exchange.
Easing DDGS prices reduce feed costs for buyers in the short term, but the path depends on ethanol output recovery. Lower DDGS prices weigh on the feed alternative value against corn and soybean meal.
asian-agribiz.comConny PereiraJun 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.
