Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments: DDGS prices are varied this week as the market lacks clear direction. FOB ethanol plant values are $2/MT higher as last week’s slump in ethanol production tightened DDGS supplies somewhat. Cash soybean meal values fell $6/MT this week which is also keeping pressure on DDGS prices, despite the $1.47 per-protein unit discount DDGS hold to soybean meal.
Barge CIF NOLA prices fell this week while FOB NOLA prices decreased as well. Logistics issues across the Midwest sent rail-delivered PNW prices $3/MT higher and FOB Lethbridge, Alberta values $12/MT higher. Prices for product CIF Southeast Asia were steady/higher, rising $2/MT on average. Prices for shipments to Taiwan led the way with $4/MT gains, while product for the Philippines and Malaysia rose $3/MT.