Distiller’s Dried Grains with Solubles (DDGS)
DDGS Comments
USDA reported DDGS prices averaged $139 per short ton in the August 30 National Weekly Ethanol Report. Prices were up $1 from the previous report and down $4 from the previous month.
The DDGS/cash corn ratio was 1.05, down from 1.06 last week. The DDGS/KC soybean meal ratio was 0.41, unchanged from last week.
The EIA reported U.S. ethanol production averaged 1,061 thousand barrels per day (tbpd) the week ending August 30. This was down 10 tbpd (0.9%) week-over-week and up 49 tbpd (4.8%) with production this time last year. The 4-week average production was 1,076 tbpd, down 1 tbpd from last week. Ethanol production declined for the second straight week but remains well above 1 million barrels per day.
