DDGS Weekly Market Report – January 4, 2024

No USDA DDGS price report was published last week and this week’s report is delayed until Friday due to the U.S. federal holiday.

DDG prices in the Pacific Northwest (rail) were last reported December 22, 2023, at $284 – $305 per short ton which was unchanged to down $3 per ton from the prior week. DDG prices in Iowa were last quoted at $200 to $240 per ton, unchanged at up $12 per ton.

U.S. DDGS exports totaled 897,000 MT in October 2023, according to the USDA, up 12% year-over-year. YTD DDGS exports were down 4%.

The most recent monthly Grain Crushing report from USDA featured 505 million bushels of corn used for ethanol in November 2023, up 1% from year-over-year. DDGS production totaled 1.80 million tons in November 2023, also up 1% year-over-year. DWG production totaled 1.37 million tons, down 6 percent year-over-year.