Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $142 per short ton in the August 9 National Weekly Ethanol Report. Prices were down $1 from the previous report and down $8 from the previous month.
The DDGS/cash corn ratio was 1.05, up from 1.04 last week. The DDGS/KC soybean meal ratio was 0.41, up from 0.37 last week.
The EIA reported U.S. ethanol production averaged 1,072 thousand barrels per day (tbpd) the week ending August 9. This was up 5 tbpd (0.5%) week-over-week and up 3 tbpd (0.3%) with production this time last year. The 4-week average production was 1,086 tbpd, down 8 tbpd from last week. Prices declined slightly as production remains strong.
