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Feed specialists report that distillers' grains fat content has fallen from about 12% to 7-8.5% as ethanol plants remove more oil. Research in South Dakota finds distillers' grains still work as a winter protein supplement for cattle.
Lower fat content reduces energy value in cattle rations, so feeders may pay less for DDGS and substitute other energy feeds. This is a product-quality shift rather than a supply shock.
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.