Distiller Dried Grains 

Increased ethanol production mentioned in yesterday’s report helps explain the ample supply situation.  Warm weather across the middle of the US lowered feed demand nearby.  Meanwhile the decline in corn and soybean meal futures has pulled price support for distillers as well.  The relative price of Illinois DDGS to corn futures has held at 127% compared to 107% its 5-year average of June.  Meanwhile,…