Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments: DDGS prices are generally up across the board from last week. There is some market chatter regarding domestic buyers increasing DDGS in rations; meanwhile, Kansas City soybean meal increased this week from last. Slowing rail traffic remains a key logistical issue. Barge CIF NOLA prices are $8/MT higher this week while FOB Gulf DDGS values are also up $7/MT.
The export market, quiet lately in part due to the Chinese New Year and Tet Holiday in Vietnam, is reportedly picking back up as buyers return to their desks. Merchandisers report increased interest from Asian markets including Indonesia and Vietnam. Prices for 40-foot containers to Indonesia (Jakarta) and Vietnam (HCMC) are up modestly this week from last, and on average DDGS destined for Southeast Asia increased $2/MT this week.