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Exports of U.S. dried distillers grains to China fell 70 percent from September 2016 through February after China imposed anti-dumping tariffs. Spot DDGS prices at Nebraska and Iowa plants are quoted near $100 per ton, down 13 percent from a year ago.
The loss of China as a major buyer leaves surplus DDGS in the US and keeps prices depressed, which is favorable for cattle feeders buying DDGS.
omaha.comRussell Hubbard / World-Herald staff writerApr 17, 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.
