DDGS Exports

摘要

With global demand still strong, the U.S. is seeing a slowdown in dried distillers' grains with solubles. Tight corn supplies, cutbacks at U.S. ethanol plants, and high export prices have stalled U.S. sales of dried distillers' grains with solubles (DDGS) to foreign livestock feeders. But underlying demand appears good, which could lead to a rebound once supplies expand and prices retreat. On a dollar basis, U.S. DDGS exports continue to climb, due to high prices. But those same prices are causing foreigners to buy less tonnage. Based on USDA figures for the first eight months of 2012, full-year DDGS exports through December looked like they should be close to 2011's 7.64 million tons. But on a dollar basis, 2012 exports were running about 11.6% higher.