Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $150 per short ton in the December 13 National Weekly Ethanol Report. Prices were up $1 from the previous report and up $1 from the previous month.
The DDGS/cash corn ratio was 0.98, down from 0.99 last week. The DDGS/KC soybean meal ratio was 0.52, up from 0.51 last week.
The EIA reported U.S. ethanol production averaged 1,103 thousand barrels per day (tbpd) the week ending December 13. This was up 25 tbpd (2.3%) week-over-week and up 32 tbpd (3.0%) with production this time last year. The 4-week average production was 1,093 tbpd, down 2 tbpd from last week. Both prices and production remain largely unchanged from last week.
