June 15, 2008
While corn is currently selling at $233 per ton in Iowa based on recent cash bids, distillers grains are currently being sold direct from the ethanol plants at around $165 per ton (ddgs), and $40 per ton for wet (wdgs). That is a pretty good savings on a high protein (32%) over current prices for soy meal protein which is currently at $409.00 per ton.
Many of the beef and dairy farmers in my area grow their own corn, so corn prices do not concern them that much. However a cheaper substitute to soy meal would be a welcome sight. Hopefully some of distillers by-products will find their way down to the mountain state from some of the new nearby ethanol plants in Ohio.