Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $140 per short ton in the September 20 National Weekly Ethanol Report. Prices were up $1 from the previous report and up $3 from the previous month.
The DDGS/cash corn ratio was 1.03, up from 1.02 last week. The DDGS/KC soybean meal ratio was 0.40, unchanged from last week.
The EIA reported U.S. ethanol production averaged 994 thousand barrels per day (tbpd) the week ending September 20. This was down 55 tbpd (5.2%) week-over-week and down 15 tbpd (1.5%) with production this time last year. The 4-week average production was 1,046 tbpd, down 19 tbpd from last week. Prices increased slightly as production fell below an average of 1 million barrels per day for the first time since early May.
