Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $138 per short ton in the August 23 National Weekly Ethanol Report. Prices were down $1 from the previous report and down $12 from the previous month.
The DDGS/cash corn ratio was 1.06, up from 1.05 last week. The DDGS/KC soybean meal ratio was 0.41, unchanged from last week.
The EIA reported U.S. ethanol production averaged 1,071 thousand barrels per day (tbpd) the week ending August 23. This was down 27 tbpd (2.5%) week-over-week and up 64 tbpd (6.4%) with production this time last year. The 4-week average production was 1,077 tbpd, down 10 tbpd from last week. Prices decline slightly as production remains above 1 million barrels per day for the 15th consecutive week.
