DDGS Weekly Market Report – December 14, 2023

 DDGS values are lower this week amid the pullback in corn and soybean meal values and strong production output from ethanol mills. Domestic demand is steady heading into the holiday season and end-users are making purchases mostly on an as-needed basis.

The DDGS/cash corn ratio is weaker this week at 1.34 and above the three-year average of 1.03. The DDGS/KC soymeal ratio is steady at 0.45 this week and remains below the three-year average of 0.51.

Barge CIF NOLA offers are up $1/MT for January and steady for February and March this week despite continued declines in barge freight. FOB NOLA offers are down $1 at $282/MT for January shipment and down $2-3/MT for February and March. Prices for containerized DDGS shipped to Southeast Asia are $1-2/MT higher this week despite the ongoing pullback in ocean freight rates. January offers average $322/MT C&F Southeast Asia with a -$2/MT monthly carry into February and March.