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DTN reported the average DDG spot price at $148 per ton for the week ended February 22, unchanged week on week, across 39 bid locations. Soymeal's high price kept DDG relatively cheap per unit of protein, and Asian buyers were returning after the holidays.
Firm DDG prices relative to soymeal indicate steady feed demand, though seasonal demand may slow as weather warms. Buyers should expect stable pricing near term.
dtnpf.comMary KennedyFeb 23, 2018Not 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.
