Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments: Falling soymeal values continue pressuring DDGS prices. Kansas City soybean meal values dropped again this week while FOB ethanol plant DDGS values retreated as well to $134/MT. The DDGS/cash corn value remains in line with its two-year average. DDGS retain a $1.84/protein-unit cost advantage over soybean meal, up slightly with the ethanol co-product gaining a 6-cent advantage this week from last.
This week saw a correction lower in FOB U.S. Gulf DDGS prices, as cash corn values fell slightly as well. Internationally, merchandisers report a quiet week with little buyer activity. Containers to Southeast Asia are steady.