DDGS Weekly Market Report – January 11, 2024

USDA reported DDGS prices averaged $212.17/ton in the January 5 National Weekly Ethanol Report. This was slightly down from the previously reported price two weeks prior.

The DDGS/cash corn ratio this week is 1.30, down slightly from 1.31 from the last USDA report two weeks prior. However, this is notably stronger than the ratio was earlier this year (1.00-1.15).  The DDGS/KC soybean meal ratio was firmer at 0.54, compared to 0.49 in the previous USDA report.

Notable price movement occurred in the Barge CIF New Orleans and FOB vessel gulf prices. Both are down $15/MT from last week for January, February, and March. This likely occurred to offset barge freight rates, which were up 9% on the week. Lower domestic corn prices also contributed.