DDGS Weekly Market Report – April 18, 2024

USDA reported DDGS prices averaged $179 per short ton in the April 12 National Weekly Ethanol Report. Prices remained steady from the previous week and were down $13 from the previous month.

The DDGS/cash corn ratio was 1.18, up slightly from 1.17 last week. The DDGS/KC soybean meal ratio was 0.52, steady with the previous week.

The EIA reported U.S. ethanol production averaged 983 thousand barrels per day (bpd) the week ending April 12. This was down 73,000 bpd (7%) week-over-week and down 41,000 bpd (4%) year-over-year. The 4-week average production was 1.042 million bpd, down 16,000 bpd from last week. The production downtrend continued, with this marking the second week of decreased week-over-week production after a strong month of production in March.