Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $139 per short ton in the September 13 National Weekly Ethanol Report. Prices were up $1 from the previous report and unchanged from the previous month.
The DDGS/cash corn ratio was 1.02, up from 1.00 last week. The DDGS/KC soybean meal ratio was 0.40, unchanged from last week.
The EIA reported U.S. ethanol production averaged 1,049 thousand barrels per day (tbpd) the week ending September 13. This was down 31 tbpd (2.9%) week-over-week and up 69 tbpd (7.0%) with production this time last year. The 4-week average production was 1,065 tbpd, down 12 tbpd from last week. The DDGS market seems to have settled, as both prices and ethanol production have remained mostly steady over the past several weeks.
