Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $188 per short ton in the March 22 National Weekly Ethanol Report. This was up $1 per short ton from the previous week, marking the first week-to-week increase since January.
The DDGS/cash corn ratio was 1.22, down slightly from 1.24 last week. The DDGS/KC soybean meal ratio was 0.53, down slightly from last week’s value of 0.54.
The EIA reported U.S. ethanol production averaged 1.054 million barrels per day (bpd) the week ending March 22. This was up 8,000 bpd (1%) week-over-week and up 51,000 bpd (5%) year-over-year. The 4-week average production was 1.045 million bpd, down 6,000 bpd from last week. Production increased slightly this week, continuing a trend of strong production in March.
