Ethanol & DDGS Production – DDGS supply slows as ethanol margins decline

Per the EIA’s Weekly Petroleum Status Report, average ethanol output fell 23,000 b/d to a 1.046 million-barrel-per-day average during the week ending Dec 7, 2018. Despite reduced margins, production is still at its average rate for the year.  Weekly output declined two percent and is four percent below what was seen last year. DDGS dropped by 2.187 thousand metric tons per day,…