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The DTN domestic DDG weekly spot price averaged a steady $147 per ton for the week ended Feb. 27 across 40 locations.
Cash soybean meal prices rallied after Argentina suspended agricultural export registrations, which could raise export taxes.
Steady DDG prices alongside a soymeal rally improve DDG's relative value against soybean meal (49.51%), supporting feed demand. Possible Argentine export tax increases could tighten soymeal supply and lift meal prices.
dtnpf.comMary KennedyFeb 28, 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.
