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The DTN weekly average spot price for US distillers dried grains rose $5 to $150 per ton for the week ended December 19. Buyers were securing December needs ahead of the holidays, leaving some locations short of spot product.
Export offers were mixed, with FOB NOLA averaging $216/mt for January shipment.
Tight spot supply and buyer demand ahead of the holidays pushed DDGS prices higher, and DDG remains priced at a premium to corn on a value basis. Price gains are modest, so the feed-value impact is limited.
dtnpf.comMary KennedyDec 20, 2019Not 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.
