# Mysteel Morning Report: DDGS Prices Trade Sideways, Downstream Buyers Purchase on Demand (20261104)

> Yesterday continuous soymeal futures weakened and domestic spot soymeal stayed soft, with inventories near 1.4 million tonnes and basis under pressure. On November 3, high-fat DDGS in Heilongjiang, Jilin and Henan traded at 2000-2280 yuan per tonne, with prices moving sideways as downstream users buy only as needed.

- Date: 2026-11-04 · published 2026-11-04T01:36:17.910Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/78939-mysteel-morning-report-ddgs-prices-trade-sideways-downstream-buyers-purchase-on
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weak soymeal demand from loss-making hog and broiler farms and rising soymeal stocks pressure DDGS as a feed substitute, though firmer corn prices support DDGS offers. Expect narrow near-term DDGS price moves, tied to corn, soymeal and livestock margins.

## Read by commodity

- SBM: bearish ▼
- CORN: bullish ▲
- DDGS: neutral

## Sources

- ncp.mysteel.com: https://ncp.mysteel.com/a/26110408/8C16E4BD57C958DD.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.