DDGS Weekly Market Report – February 22, 2024

USDA reported DDGS prices averaged $202 per short ton in the February 9 National Weekly Ethanol Report. This was down $1 per short ton from the previous week.

The DDGS/cash corn ratio was 1.37, up slightly from 1.33 last week. This is the highest this ratio has been in over a year, as DDGS prices have continued to hold steady despite falling corn prices. The DDGS/KC soybean meal ratio was 0.55, essentially unchanged from last week. This ratio has been dropping faster than the previous three weeks after a strong run up from October to January.

Stable domestic DDGS prices helped keep most export quotes relatively stable week-over-week. Most March DDGS export prices increased week-over-week by $2-3/MT. One exception was Barge CIF New Orleans prices which decreased $3/MT.