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DTN's average weekly spot price for domestic distillers dried grains was unchanged at $172 per ton for the week ended May 24. Export prices were supported by good demand, while domestic prices were mixed, with some spot declines in sympathy with lower soybean meal.
Drought in Kansas, North Dakota and Texas has worsened pasture conditions.
Flat DDG prices with no supply issues leave the market balanced, and seasonal pasture greening should reduce feeders' DDG usage. Drought in the Plains could later raise livestock feed demand.
dtnpf.comMary KennedyMay 25, 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.
