So, in other words, you are saying that if ethanol goes away, DDG goes away too (for the most part). And, grain would not be processed differently into other products + some sort of processed feed, possibly somewhat different than DDG. Instead, the feed market would just revert back to feed corn.
Or put yet another way, ethanol subsidies make DDG a commercially practical large scale feed source.
Correct?
Interesting.
Yes, I’d put it that way. DDG requires distillation - DDG stands for “dried distillers’ grains” and without large-scale distillation, the DDG market will basically cease to exist.