According to the Renewable Fuels Association, daily ethanol production for the week ending 9/24/2010 averaged 825,000 barrels per day (b/d) or 34.65 million gallon per day. These production numbers are slightly down from the previous week when the ethanol industry produced an average of 850,000 b/d and the four week average of 856,000 b/d.
While ethanol production was down, gasoline demand was up averaging just over 394 million gallons per day. Average daily ethanol production stood at 8.79 percent when expressed as a percentage of average daily gasoline demand.
The amount of corn used to produce last week’s ethanol was an average of 12.509 million bushels per day and 93,107 metric tons of livestock feed per day. Distillers grains (DDGs) represented 82,210 metric tons of the total feed production. In addition, ethanol producers also supplied 3.57 million pounds of corn oil.