Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $142 per short ton in the September 27 National Weekly Ethanol Report. Prices were up $2 from the previous report and up $3 from the previous month.
The DDGS/cash corn ratio was 1.03, unchanged from last week. The DDGS/KC soybean meal ratio was 0.41, up from 0.40 last week.
The EIA reported U.S. ethanol production averaged 1,015 thousand barrels per day (tbpd) the week ending September 27. This was up 21 tbpd (2.1%) week-over-week and up 6 tbpd (0.6%) with production this time last year. The 4-week average production was 1,035 tbpd, down 11 tbpd from last week. Prices increased slightly again this week as production rebounded over 1 million barrels per day.
