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Ethanol plants are cutting production as gasoline demand falls, and feedyards report DDG supply shortages. Some contracts face cuts of up to 50%, and Lethbridge DDG prices are running 15-20% above feed barley.
US DDG prices also rose about $30 per ton week over week.
Scarce DDG supply and higher prices raise rations costs for cattle feeders and shift demand to barley and other feeds.
realagriculture.comRealAgriculture News TeamApr 2, 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.
