Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $186 per short ton in the March 29 National Weekly Ethanol Report. This was down $2 per short ton from the previous week and down around $6 since the start of March.
The DDGS/cash corn ratio was 1.20, down slightly from 1.22 last week. The DDGS/KC soybean meal ratio remained steady at 0.54.
The EIA reported U.S. ethanol production averaged 1.073 million barrels per day (bpd) the week ending March 29. This was up 19,000 bpd (2%) week-over-week and up 70,000 bpd (7%) year-over-year. The 4-week average production was 1.049 million bpd, up 4,000 bpd from last week. Production increased again this week, continuing a trend of strong production in March.
