DDGS Weekly Market Report – January 18, 2024

USDA reported DDGS prices averaged $204.27 per short ton in the January 12 National Weekly Ethanol Report. This was slightly down from $212.17 per short ton last week. Weaker soybean meal and corn prices likely played a part in weaker DDGS prices.

The DDGS/cash corn ratio this week is 1.27, down slightly from 1.30 from the last week. The ratio remains notably stronger than the ratio was earlier this year (1.00-1.15) but appears to be entering a downward trend. The DDGS/KC soybean meal ratio was 0.55, up slightly from last week.

Most prices were relatively stable compared to last week. Large movers include FOB Lethbridge, Alberta, which dropped $10/MT and KC Rail Yard which fell $12/MT. Lower domestic DDGS prices and domestic corn prices likely contributed to these price declines.