Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $146 per short ton in the October 4 National Weekly Ethanol Report. Prices were up $4 from the previous report and up $8 from the previous month.
The DDGS/cash corn ratio was 1.02, down from 1.03 last week. The DDGS/KC soybean meal ratio was 0.42, up from 0.41 last week.
The EIA reported U.S. ethanol production averaged 1,038 thousand barrels per day (tbpd) the week ending October 4. This was up 23 tbpd (2.3%) week-over-week and up 34 tbpd (3.4%) with production this time last year. The 4-week average production was 1,024 tbpd, down 11 tbpd from last week. Prices continue to rebound as production remains at or above 1 million barrels per day.
