Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $138 per short ton in the September 6 National Weekly Ethanol Report. Prices were down $1 from the previous report and down $4 from the previous month.
The DDGS/cash corn ratio was 1.00, down from 1.05 last week. The DDGS/KC soybean meal ratio was 0.40, down from 0.41 last week.
The EIA reported U.S. ethanol production averaged 1,080 thousand barrels per day (tbpd) the week ending September 6. This was up 19 tbpd (1.8%) week-over-week and up 41 tbpd (3.9%) with production this time last year. The 4-week average production was 1,078 tbpd, up 2 tbpd from last week. Prices declined slightly as production remains strong.
