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DTN's weekly spot price for domestic distillers dried grains averaged $138 per ton for the week ended Nov. 15, up $2 from the prior week.
DDG value relative to corn was 105.14%, and relative to soymeal 45.19%. Merchandisers reported higher offers to Southeast Asia and stronger domestic feeding demand.
Firmer DDG prices improve feed-cost value versus corn and soymeal, supporting demand for DDGS in feed rations. Ethanol plants reportedly need a higher DDG premium to keep running, which could tighten supply if output falls.
dtnpf.comMary KennedyNov 16, 2018Not 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.
