Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $145 per short ton in the October 25 National Weekly Ethanol Report. Prices were down $1 from the previous report and up $3 from the previous month.
The DDGS/cash corn ratio was 1.03, down from 1.09 last week. The DDGS/KC soybean meal ratio was 0.44, up from 0.43 last week.
The EIA reported U.S. ethanol production averaged 1,082 thousand barrels per day (tbpd) the week ending October 25. This was up 1 tbpd (0.1%) week-over-week and up 30 tbpd (2.9%) with production this time last year. The 4-week average production was 1,061 tbpd, up 17 tbpd from last week. Production is unchanged from last week as prices hold steady through October.
