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The DTN average DDG spot price was unchanged at $97 per ton for the week ended June 1, with six bids higher and three lower across 39 locations. Merchandisers reported soft spot prices on slow demand as end users covered supply ahead of the long weekend.
Slow buying and expectations of supply building point to softer DDG prices, which reduces the feed cost advantage for cattle and hog rations only modestly. Competition from other feed ingredients also caps DDG demand.
dtnpf.comMary KennedyJun 2, 2017Not 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.
