Ethanol production peaked in early July at 1.067 million barrels per day and continued to drift lower every week since then. August ethanol production averaged 949 thousand barrels per day with the final week’s output at 905 thousand barrels. Reduced ethanol output leads to lower DDGS supply. DDGS output fell from 101,480 metric tons per day in July to 86,073 by the end of August.
Iowa DDGS price hit a low of $155 per ton in July but quickly bounced back towards $200 by the end of August as supply continued to slow. The average price for the month pushed to $182.59, which is in line with the historical trend of prices rising 80 percent of the time during August.
The average Iowa DDGS price in August was $62 per ton above values from a year ago and $65 per ton over the three-year average. DDGS prices typically rise 40 percent of the time…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...