Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $151 per short ton in the July 12 National Weekly Ethanol Report. Prices were down $5 from the previous report and down $7 from the previous month.
The DDGS/cash corn ratio was 1.04, down from 1.06. The DDGS/KC soybean meal ratio was 0.40, down from 0.41.
The EIA reported U.S. ethanol production averaged 1,106 thousand barrels per day (tbpd) the week ending July 12. This was up 52 tbpd (4.9%) week-over-week and up 36 tbpd (3.4%) with production this time last year. The 4-week average production was 1,067 tbpd, up 12 tbpd from last week. Production remains strong in July, with the 4-week average reaching its highest point since early March.
