DDGS prices are mixed this week, with reported prices for CIF NOLA Barges falling but FOB Gulf prices increasing. Reportedly, trading volume has been light this week with sellers defending asking prices and buyers somewhat unwilling to chase prices higher. Prices for 40- foot containers to Southeast Asia are higher again this week, gaining $5/MT on average. February shipments to Myanmar increased the most of any Asian destination this week, gaining $7/MT, while shipments to Indonesia and China increased $6/MT each.
Domestically, rising soybean meal prices are helping move additional product into livestock feed rations. The per-protein unit cost of DDGS reached $5.53 this week, $0.74 cents less than that of soybean meal. Four consecutive days of higher soybean meal futures have seemingly put in place an opportunity for DDGS.