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DTN's domestic distillers dried grains average spot price was unchanged at $142 per ton for the week ended March 28. DDG value relative to corn was 106.31% and relative to soybean meal was 46.33%, while rail and truck logistics recover from flooding in Nebraska, Iowa and Kansas.
Flood-disrupted logistics are holding DDG prices steady despite the relative value, limiting spot movement. Cheap DDG versus soymeal supports feed substitution demand.
dtnpf.comMary KennedyMar 29, 2019Not 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.
