Central Illinois DDGS Prices Have More Than Doubled From the Lows Reached in Early Nov ’14 Central Illinois DDGS Prices Remain Lower Than Recent Years, Down 9.6% YOY Central Illinois DDGS Percent of Cash Corn Value has Increased by Nearly 60% Since Oct ’14 Central Illinois DDGS Price/Ton of Protein has Recently Converged with Soybean Meal Values Dec ’14 DDGS Exports Rebounded Slightly as China Reentered the Market Dec ’14 DDGS Exports Increased 12.4% MOM but Remain Down 24.7% YOY Product Destined for China and Mexico Accounted for Over Half of U.S. DDGS Exports in 2014 DDGS Exports to China Have Increased in Relative Importance Over the Past Several Years