Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $148 per short ton in the November 8 National Weekly Ethanol Report. Prices were up $1 from the previous report and up $3 from the previous month.
The DDGS/cash corn ratio was 1.00, down from 1.06 last week. The DDGS/KC soybean meal ratio was 0.47, up from 0.46 last week.
The EIA reported U.S. ethanol production averaged 1,113 thousand barrels per day (tbpd) the week ending November 8. This was up 8 tbpd (0.7%) week-over-week and up 66 tbpd (6.3%) with production this time last year. The 4-week average production was 1,095 tbpd, up 17 tbpd from last week. Production remains above 1.1 million barrels per day for the second straight week.
