Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $139 per short ton in the August 16 National Weekly Ethanol Report. Prices were down $3 from the previous report and down $8 from the previous month.
The DDGS/cash corn ratio was 1.05, unchanged from last week. The DDGS/KC soybean meal ratio was 0.41, also unchanged from last week.
The EIA reported U.S. ethanol production averaged 1,098 thousand barrels per day (tbpd) the week ending August 16. This was up 26 tbpd (2.4%) week-over-week and up 50 tbpd (4.8%) with production this time last year. The 4-week average production was 1,087 tbpd, up 1 tbpd from last week. Prices continue to decline as production remains strong.
