Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $149 per short ton in the November 22 National Weekly Ethanol Report. Prices were unchanged from the previous report and up $3 from the previous month.
The DDGS/cash corn ratio was 1.00, down from 1.02 last week. The DDGS/KC soybean meal ratio was 0.51, up from 0.49 last week.
The EIA reported U.S. ethanol production averaged 1,073 thousand barrels per day (tbpd) the week ending November 29. This was down 46 tbpd (4.1%) week-over-week and down 3 tbpd (0.3%) with production this time last year. The 4-week average production was 1,104 tbpd, down 8 tbpd from last week. Production remains strong at over 1 million barrels per day as prices continue to hold steady at just under $150 per ton.
