Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $147 per short ton in the November 1 National Weekly Ethanol Report. Prices were up $2 from the previous report and up $1 from the previous month.
The DDGS/cash corn ratio was 1.06, up from 1.03 last week. The DDGS/KC soybean meal ratio was 0.46, up from 0.44 last week.
The EIA reported U.S. ethanol production averaged 1,105 thousand barrels per day (tbpd) the week ending November 1. This was up 23 tbpd (2.1%) week-over-week and up 63 tbpd (6.0%) with production this time last year. The 4-week average production was 1,078 tbpd, up 17 tbpd from last week. Prices rise modestly as production averages over 1.1 million barrels per day for the first time since July.
