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DTN reported that DDG spot prices fell across its 40 surveyed locations for the week ended May 7. Feeders had shifted to other feed substitutes after DDG prices rose in March, and cash corn weakened as meat plants slowed and farmers reduced feeding.
Weaker DDG prices and reduced feeding demand point to soft corn and feed-ingredient demand while ethanol output remains below normal.
dtnpf.comMary KennedyMay 8, 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.
