Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $179 per short ton in the April 5 National Weekly Ethanol Report. This was down $7 per short ton from the previous week and down $14 from the previous month.
The DDGS/cash corn ratio was 1.17, down from 1.20 last week. The DDGS/KC soybean meal ratio was 0.52, down slightly from 0.54 last week.
The EIA reported U.S. ethanol production averaged 1.056 million barrels per day (bpd) the week ending April 5. This was down 17,000 bpd (2%) week-over-week and up 97,000 bpd (10%) year-over-year. The 4-week average production was 1.057 million bpd, up 8,000 bpd from last week. Production decreased week-over-week for the first time since March 1 as overall ethanol production remains strong relative to this time last year.
