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DTN's weekly domestic DDG spot price fell $7 to $153 per ton for the week ended Jan. 10.
Feeders shifted rations toward soymeal after December DDG price rises, leading sellers to cut prices to move product. Informa said rumors of a Chinese DDGS purchase were not reflected in prices.
Feeders switching to soymeal reduces DDG demand and pushes prices lower, though the lower DDG price improves its value against corn and soymeal for buyers.
dtnpf.comMary KennedyJan 11, 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.
