With a 35-to-40-cent drop in corn prices this week, spot prices of dried distillers dropped as well.
The DTN weekly DDG spot price average fell $3 per ton this week, from $261 to $258. After a long upward trend since mid-November, spot prices have now hovered between $256 and $261 since Thanksgiving.
Of the 29 Midwestern locations DTN collects prices from, 16 locations reported their spot prices had decreased between $2 and $10 per ton. Prices at 10 locations remained unchanged since last week, and only three locations said their prices increased $5.
Merchandisers told DTN that the primary reason ...