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Ethanol production slide reversed

U.S. ethanol production picked up last week. For the week ending October 1, production was about 36.246 million gallons a day, reversing a recent slide in production, according to Matt Hartwig of the Renewable Fuels Association.

Stocks of ethanol nationwide shrank to 16.9 million barrels, down from a high of 19.5 million barrels in late July.

Ethanol producers used a little more than 13 million bushels of corn per day. But from that, they produced 97,400 metric tons of livestock feed every day, most of it distillers grains with some corn oil.