US weekly average ethanol production rose to a two-month high of 1.112 million barrels per day in the week to January 31, according to the US Energy Information Administration (EIA) report released on Wednesday February 5. This marked an increase of 97,000 bpd from the previous week and an increase of 8% year on year.
Ethanol stocks increased to 26.412 million barrels, up by 690,000 barrels week on week and up by 7% year on year.
Demand for corn increased by 10% from the previous week and by 8% year on year. Approximately 16.47 million bushels of corn per day were used for ethanol production.
Livestock feed production totaled 118,915 tonnes in the week to Friday. Distillers’ dried grain with solubles (DDGS) production was 105,760 tonnes, with the remaining amount consisting of 11,100 tonnes of corn gluten feed and 2,056 tonnes of corn gluten meal.
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