Stocker Steve
Well-known member
I see $90/T FOB in the Dakotas. What current price are you seeing locally ?
Craig":1uqxdvl1 said:$130/ton for dry. Our corn cash bid is still over $3 though.
Craig":1yxhjrf2 said:I can't figure that out, what gives?
Lucky_P":33bhuuqs said:Agreed, BF. With corn as low as it is, I don't know why DDG is still so high.
But... I have little(no) understanding of the commodity markets...
DDG (dry) is not competing with corn. It competes with the protein sources such as soybean meal, cottonseed meal, canola etc. and it's usually in high demand and limited supply. At 26-32% protein it stands to reason that it should be more expensive than corn...considerably more.Lucky_P":fosd3t07 said:Agreed, BF. With corn as low as it is, I don't know why DDG is still so high.
But... I have little(no) understanding of the commodity markets...
TexasBred":5f1j73zw said:DDG (dry) is not competing with corn. It competes with the protein sources such as soybean meal, cottonseed meal, canola etc. and it's usually in high demand and limited supply. At 26-32% protein it stands to reason that it should be more expensive than corn...considerably more.Lucky_P":5f1j73zw said:Agreed, BF. With corn as low as it is, I don't know why DDG is still so high.
But... I have little(no) understanding of the commodity markets...