Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $149 per short ton in the November 15 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 1.02, up from 1.00 last week. The DDGS/KC soybean meal ratio was 0.49, up from 0.47 last week.
The EIA reported U.S. ethanol production averaged 1,110 thousand barrels per day (tbpd) the week ending November 15. This was down 3 tbpd (0.3%) week-over-week and up 87 tbpd (8.5%) with production this time last year. The 4-week average production was 1,103 tbpd, up 7 tbpd from last week. Prices continue to increase slightly while production remains above 1.1 million barrels per day for the third straight week.
