Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $147 per short ton in the July 19 National Weekly Ethanol Report. Prices were down $4 from the previous report and down $11 from the previous month.
The DDGS/cash corn ratio was 1.03, down from 1.04 last week. The DDGS/KC soybean meal ratio was 0.39, down from 0.40 last week.
The EIA reported U.S. ethanol production averaged 1,095 thousand barrels per day (tbpd) the week ending July 19. This was down 11 tbpd (1.0%) week-over-week and up 1 tbpd (0.1%) with production this time last year. The 4-week average production was 1,080 tbpd, up 13 tbpd from last week. Prices drop for the seventh consecutive week as production remains strong in July.
