Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $143 per short ton in the August 2 National Weekly Ethanol Report. Prices were down $7 from the previous report and down $13 from the previous month.
The DDGS/cash corn ratio was 1.04, up from 1.02 last week. The DDGS/KC soybean meal ratio was 0.37, down from 0.39 last week.
The EIA reported U.S. ethanol production averaged 1,067 thousand barrels per day (tbpd) the week ending August 2. This was down 42 tbpd (3.8%) week-over-week and up 44 tbpd (4.3%) with production this time last year. The 4-week average production was 1,094 tbpd, up 3 tbpd from last week. Production declined from last week but remained strong at over 1 million barrels per day.
