EIA says ethanol production rises to annualized 12.6 billion gallon rate for 2012

In Washington, the Energy Information Administration reports that ethanol production averaged 829,000 barrels per day (b/d) – or 34.82 million gallons daily. That is up 10,000 b/d from the week before. The 4-week average for ethanol production stood at 823,000 b/d for an annualized rate of 12.61 billion gallons. Stocks of ethanol stood at 18.7 million barrels, a slight increase from last week. On the co-products side, ethanol producers were using 12.570 million bushels of corn to produce ethanol and 92,519 metric tons of livestock feed, 82,481 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal.  Additionally, ethanol producers were providing 4.32 million pounds of corn oil daily.