Market Issues and Prospects for U.S. Distillers’ Grains Supply, Use, and Price Relationships
By Linwood A. Hoffman and Allen Baker
Outlook Report No. (FDS-10K-01) 37 pp,
December 2010
Growth in corn dry-mill ethanol production has surged in the past several years, simultaneously
creating a coproduct—distillers’ grains (DDGS). Many in the U.S. feed
industry were concerned about the size of this new feed source and whether it could
be used entirely by the feed industry, but they also worried about the price discovery
process for the product. The authors of this report provide a transparent methodology
to estimate U.S. supply and consumption of DDGS. Potential domestic and export use
of U.S. DDGS exceeds current production and is likely to exceed future production as
ethanol production continues to grow. The authors identify the DDGS price discovery
process along with the price relationships of distillers’ grains, corn, and soybean meal.
Keywords: Distillers’ dried grains with soluble, DDGS, dry-mill ethanol production, wet-mill ethanol production, feed use, exports, potential DDGS feed consumption, distillers’ grain price discovery, distillers’ grain price relationships, ERS, USDA
In this report ... Chapters are
in Adobe Acrobat PDF format.
Updated date: December 9, 2010
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