Ethanol production down for week, says RFA

In Washington, Geoff Cooper at the Renewable Fuels Association reported that  ethanol production averaged 785,000 barrels per day (b/d) – or 32.97 million gallons daily.  That is down 24,000 b/d from the week before and the lowest rate since EIA began tracking weekly production in June 2010.  The 4-week average for ethanol production stood at 811,000 b/d for an annualized rate of 12.43 billion gallons. Stocks of ethanol stood at 18.8 million barrels. On the co-products side, ethanol producers were using 11.903 million bushels of corn to produce ethanol and 87,608 metric tons of livestock feed, 78,104 metric tons of which were distillers grains.  The rest is comprised of corn gluten feed and corn gluten meal.  Additionally, ethanol producers were providing 4.09 million pounds of corn oil daily.