Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $146 per short ton in the October 18 National Weekly Ethanol Report. Prices were up $1 from the previous report and up $6 from the previous month.
The DDGS/cash corn ratio was 1.09, up from 1.05 last week. The DDGS/KC soybean meal ratio was 0.43, down from 0.44 last week.
The EIA reported U.S. ethanol production averaged 1,081 thousand barrels per day (tbpd) the week ending October 18. This was up 39 tbpd (3.7%) week-over-week and up 41 tbpd (3.9%) with production this time last year. The 4-week average production was 1,044 tbpd, up 22 tbpd from last week. Production remains at over 1 million barrels per day as prices hold steady through the first half of October.
