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The DTN weekly average spot price for domestic DDG rose $1 to $144 per ton for the week ended December 5. Firm cash corn prices and higher prices for other feed products supported the move.
DDG's value relative to corn was 110.31%, and its cost per unit of protein was $5.33 versus $6.31 for soybean meal.
DDG's low protein cost relative to soymeal makes it more attractive to feed buyers, which supports its price. The gain is modest and does not signal a major supply shift.
dtnpf.comMary KennedyDec 6, 2019Not 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.
