Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $158 per short ton in the June 14 National Weekly Ethanol Report. Prices were down $6 from the previous week and down $15 from the previous month.
The DDGS/cash corn ratio was 0.97, down from 1.02 last week. The DDGS/KC soybean meal ratio was 0.41, down from 0.44 last week.
The EIA reported U.S. ethanol production averaged 1,057 thousand barrels per day (tbpd) the week ending June 7. This was up 34 tbpd (3.3%) week-over-week and up 5 tbpd (0.5%) with production this time last year. The 4-week average production was 1,055 tbpd, up 9 tbpd from last week. Production rebounded this week after declining the previous week.
