Energy Board Quiet Into Harvest With Hominy at 66% of Corn

No new USDA feedstuff prices have been published since the previous issue. The energy and protein boards hold at their last-quoted levels. Hominy feed remains the cheapest energy source on the board at $0.076 per pound of TDN on a dry-matter basis, 66% of corn's cost per pound of TDN (corn at approximately $179/ton, plant input cost, per USDA).

• Protein board unchanged: Sunflower meal holds at $0.266/lb of crude protein on a dry-matter basis, 70% of soybean meal (SBM approximately $360/ton FOB, per USDA). Feather meal is second at $0.281/lb CP, 74% of SBM.
• Energy board standings: Soybean hulls follow hominy at $0.109/lb TDN, 95% of corn. Wheat millrun is third at $0.113/lb TDN, 98% of corn.
• DDGS dual read: At approximately $184/ton, DDGS prices energy at 100% of corn's cost per pound of TDN and protein at 91% of soybean meal. Both readings are unchanged on the week.
• Harvest context: The September-November harvest phase is characterized by new-crop corn and soybeans pressuring grain benchmarks, which pulls feedstuff prices with them. No benchmark move has been recorded this week.
• USDA supply backdrop (Aug 14, 2026): USDA ERS revised 2026/27 corn ending stocks down 3.5 million metric tons to 42 million MT, citing higher export demand. Separately, USDA ERS raised the 2026/27 soybean production forecast to a record 4.52 billion bushels, with ending stocks at 320 million bushels, up 10 million from the prior forecast.

Data note: 48 price series have not updated in more than two weeks, including alfalfa pellets and almond hulls. Any figures from those series are stale.