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Green Plains, one of the largest US ethanol producers, plans to invest about $400 million over two to three years to shift its 13 plants toward high-protein DDGS animal feed as its main product. Ethanol will become a byproduct, after 2019 ethanol revenue fell 19.8%.
A major producer shifting toward DDGS signals expected strong feed demand from cattle, hogs and poultry, which supports DDGS prices. The shift may also increase DDGS supply over time.
agcanada.comAGCanadaFeb 11, 2020
reuters.comMark WeinraubFeb 11, 2020Not enough comparable past events yet for a historical read.
Not 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.
