What are the US Dried Distillers Grains with Solubles (DDGS) assessments?
In April 2015, S&P Global Platts launched two price assessments for US Dried Distillers Grains with Solubles (DDGS), to reflect the primary domestic and export markets for this key animal feed ingredient:
— DDGS FOB Chicago (truck)
— DDGS CIF New Orleans (barge)
They are USD per short ton daily flat price assessments; the FOB Chicago price reflects trucks delivered to the Channahon, Illinois, railhead, the CIF New Orleans price reflects barges delivered to the New Orleans/Mississippi River port zone.
Assessments reflect export quality DDGS, protein content minimum of 25%, the minimum color of 50 (according to the Hunter L test), a fat minimum of 6%, and a moisture level in the range of 10% to 12%, standardized to 11.5%.