Market Issues and Prospects for U.S. Distillers' Grains Supply, Use, and Price Relationships

[摘要] 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.

[发布日期] 2010-12-09 [发布机构] United States Department of Agriculture

[学科分类] 农业科学（综合）

[关键词] Distillers? dried grains with solubles (DDGS);dry-mill ethanol production;wet-mill ethanol production;feed use;exports;potential DDGS feed consumption;distillers? grain price discovery;and distillers? grain price relationships