Crack open a cold, refreshing Bud Ice. The ice brewing process results in a full-bodied taste and a smooth finish. Bud Ice is brewed with a combination of malt and select unmalted grains and U.S.-grown hops. Anheuser-Busch's exclusive ice-brewing process takes the beer to a temperature below freezing, which leads to the formation of ice crystals in the finishing process that gives Bud Ice its rich, smooth taste.