Reports of continued downward pressure on DDGs surfaced, with demand reported as sluggish and weak. Further, sources indicate that this may persist throughout the summer. The price remains at a low of $190/st in Iowa and other parts of the Midwest, including Minnesota/Dakotas, Indiana, Michigan, and Ohio.
CME grain pricing was mixed. In the Midwest, weather conditions may have a potential impact on recently seeded corn crops, decreasing by $0.1150 to $5.97/st. Soybeans decreased $0.0250 to $13.50/st, while soymeal rose by $3.40 to $401.20/st and wheat rose by $0.0500 to $6.240/st.
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10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
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10.18.2024
US DCO prices decrease amid quiet trade week
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Lackluster trade volume keeps weekly US animal proteins prices mostly steady
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Several market participants told Fastmarkets it was a...