Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $191 per short ton in the March 1 National Weekly Ethanol Report. This was down $2 per short ton from the previous week, as prices have trended downward over the past several months.
The DDGS/cash corn ratio was 1.26, down slightly from 1.31 last week. The DDGS/KC soybean meal ratio was 0.54, down from 0.55 last week.
The EIA reported U.S. ethanol production averaged 1.024 million barrels per day (bpd) the week ending March 8. This was down 33,000 bpd (-3%) week-over-week but up 10,000 bpd (1%) year-over-year. The 4-week average production was 1.061 million bpd, down 15,000 bpd from last week. Production has declined somewhat in March after a strong month of production in February.
