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The Renewable Fuels Association says US feed use of dried distillers grains has reached a record high, supported by record hog and poultry numbers. Exports are also strong, with the industry shipping about 12 million tons.
The article is an industry comment and not a new data release.
Record domestic livestock numbers and strong export demand support DDGS prices and help absorb ethanol plant co-product output. This is supportive for feed-grade demand.
iowafarmbureau.comNov 1, 2016Not 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.
