# Mysteel Morning Report: DDGS prices hold steady as downstream buyers purchase on demand (20261113)

> Domestic DDGS prices were stable on November 12, with Heilongjiang high-fat DDGS at 2000-2140 yuan/t, Jilin at 2130-2280 yuan/t and Henan at 2150-2180 yuan/t. Downstream users are mostly drawing down inventories and buying as needed. Soymeal futures fell, and feed mills are cutting soymeal inclusion rates because livestock farms are losing money.

- Date: 2026-11-13 · published 2026-11-13T03:06:54.067Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/97008-mysteel-morning-report-ddgs-prices-hold-steady-as-downstream-buyers-purchase-on
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weak livestock margins are reducing feed demand, which caps soymeal and limits DDGS upside. Ethanol plant shipments are improving, which provides short-term support.

## Read by commodity

- SBM: bearish ▼
- DDGS: neutral

## Sources

- ncp.mysteel.com: https://ncp.mysteel.com/a/26111308/405F217CD9FE9040.html

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