Ethanol production dips to lowest weekly total since 2010

In Washington, the Energy Information Administration said that ethanol production averaged 770,000 barrels per day (b/d) — or 33.34 million gallons daily. That is down 22,000 b/d from the week before and is the lowest reported output since EIA began collecting data in 2010. The four-week average for ethanol production stood at 793,000 b/d for an annualized rate of 12.16 billion gallons. Ethanol producers were using 11.675 million bushels of corn to produce ethanol and 85,934 metric tons of livestock feed, 76,611 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal. Additionally, ethanol producers were providing 4.01 million pounds of corn oil daily.