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DTN reported average domestic DDG offers at $143 per ton for the week ended May 21, down $5 from the prior week. DDG was priced at 126% of corn value and 50.6% of soybean meal value, and demand was described as weak though some feeders are returning to DDG.
Lower DDG prices versus soymeal and corn make DDG a cheaper protein option, which may gradually lift feed demand and limit further downside in DDG values.
dtnpf.comMary KennedyMay 22, 2020Not 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.
