Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $187 per short ton in the March 15 National Weekly Ethanol Report. This was down $4 per short ton from the previous week, as prices have trended downward over the past several months.
The DDGS/cash corn ratio was 1.24, down slightly from 1.26 last week. The DDGS/KC soybean meal ratio was 0.54, level with last week’s value.
The EIA reported U.S. ethanol production averaged 1.046 million barrels per day (bpd) the week ending March 15. This was up 22,000 bpd (2%) week-over-week and up 49,000 bpd (5%) year-over-year. The 4-week average production was 1.051 million bpd, down 10,000 bpd from last week. Production rose this week after declining last week, and average production has been over 1 million barrels per day since the first week of February.
