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The DTN weekly average DDG spot price fell $1 to $140 per ton for the week ended October 24. Cash corn was under pressure from harvest, though basis stayed strong in some areas.
DDG was 101.36% of corn value and 45.81% of soybean meal value.
A slightly lower DDG price with DDG priced cheaper than soybean meal per unit of protein keeps DDG competitive as a feed ingredient, limiting upside pressure.
dtnpf.comMary KennedyOct 25, 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.
