1. Price Trend

As per data from SunSirs, the price of DDGS falls weakly this week. The average price of domestic high-fat DDGS at the beginning of the week is 1,860 RMB/ton, and the average price of domestic high-fat DDGS at the weekend is 1,833 RMB/ton, and the price falls by 1.43%.

2. Market Analysis

Products: DDGS prices continue to weaken this week. The mainstream price in Shandong Province is 1,950 RMB/ton, and the price is flat. The mainstream price in Jilin Province is 1,680 RMB/ton, and the price falls by 50 RMB/ton. The mainstream price in Henan Province is 1,800 RMB/ton, and the price falls by 50 RMB/ton. The purchase and sale of raw material corn in the new season is quite fair and the price is weak. The terminal breeding industry is cautious in purchasing, and the price of DDGS continues to be weak.

Industrial Chain: The process of corn sales in production areas is relatively slow. The peak of new grain crops has not yet reached. The main players in the production areas have a wait-and-see attitude, and the price of corn is generally stable and weak. The prices of terminal products such as live pig and eggs have plummeted, and the breeding industry is in a recovery period. The demand for feed is still dull putting bearish pressure on prices. DDGS prices continue to fall.

3. Market Forecasting

SunSirs DDGS analysts believe that raw material and terminal demand of DDGS are both in a weak state. The market of DDGS is predicted to be weakly sideways, with limited increase.

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