DDGS prices drop below 5-year average as US production rebounds

게시됨 2024년 10월 30일

Tridge 요약

Distillers Dried Grains with Solubles (DDGS) prices in the US have dropped below the five-year average, a development that Relieves the feed industry after three years of increased prices around $200 per short ton. The decrease in prices is attributed to a recovery in DDGS production, which is expected to reach pre-COVID levels. Additionally, DDGS exports have seen a 15% increase from January to August compared to the same period last year, with Mexico being the largest buyer. On the other hand, the US soybean market faces challenges due to overproduction of renewable diesel, which has led to a decrease in demand for soybean oil and a drop in Renewable Identification Numbers (RIN) values. The EU's decision to delay the EU Deforestation Regulation (EUDR) has also impacted the US soy and meal prices.

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원본 콘텐츠

DDGS prices in the US have finally dipped below the five-year average, a relief for the feed industry after three years of elevated prices around $200 per short ton, notes a report. Production of Distillers Dried Grains with Solubles (DDGS) is now on track to reach pre-COVID five-year averages, as both ethanol and DDGS production recover from the pandemic's impact on output. The increased supply of DDGS is easing pressure in the US feed market, according to the latest Rabobank North American agribusiness review. It highlighted the strain high corn and meal prices have placed on feed cost management. US DDGS exports are also experiencing strong growth, rising by 15% from January to August compared to the same period last year, with Mexico remaining the largest buyer. Exports to Mexico expanded by 18% year-on-year, reinforcing its status as a critical market. The drop in DDGS prices aligns with declines across other agricultural commodities, driven in part by higher ethanol ...

출처: UKfeednavigator