Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $177 per short ton in the April 19 National Weekly Ethanol Report. Prices were down slightly by $2 from the previous week and were down $10 from the previous month.
The DDGS/cash corn ratio was 1.16, down slightly from 1.18 last week. The DDGS/KC soybean meal ratio was 0.50, down slightly from 0.52 last week.
The EIA reported U.S. ethanol production averaged 954 thousand barrels per day (bpd) the week ending April 19. This was down 29,000 bpd (3%) week-over-week and down 13,000 bpd (1%) year-over-year. The 4-week average production was 1.017 million bpd, down 25,000 bpd from last week. Production continued to decline this week, marking the third consecutive weekly decrease.
