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The DTN weekly average spot price for domestic distillers dried grains rose $1 to $145 per ton for the week ended December 12. Merchandisers reported some areas running short of product, and ethanol inventories hit a five-week high.
DDG's value relative to corn stood at 110.85%.
Tight local supply and firm prices support DDGS values, which makes this protein-and-energy feed a more expensive substitute for corn. Feed buyers may see little relief in the near term.
dtnpf.comMary KennedyDec 13, 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.
