Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $149 per short ton in the December 6 National Weekly Ethanol Report. Prices were unchanged from the previous report and up $1 from the previous month.
The DDGS/cash corn ratio was 0.99, down from 1.00 last week. The DDGS/KC soybean meal ratio was 0.51, unchanged from last week.
The EIA reported U.S. ethanol production averaged 1,078 thousand barrels per day (tbpd) the week ending December 6. This was up 5 tbpd (0.5%) week-over-week and up 4 tbpd (0.4%) with production this time last year. The 4-week average production was 1,095 tbpd, down 9 tbpd from last week. Both prices and production remain largely unchanged from last week.
