USDA reported DDGS prices averaged $164 per short ton in the June 7 National Weekly Ethanol Report. Prices were down $7 from the previous week and down $7 from the previous month.
The DDGS/cash corn ratio was 1.02, down from 1.08 last week. The DDGS/KC soybean meal ratio was 0.44, down from 0.45 last week.
The EIA reported U.S. ethanol production averaged 1,023 thousand barrels per day (tbpd) the week ending June 7. This was down 49 tbpd (4.6%) week-over-week and up 5 tbpd (0.5%) with production this time last year. The 4-week average production was 1,046 tbpd, up 6 tbpd from last week. Production decreased this week but remained high relative to April production levels.