DDGS Weekly Market Report – July 5, 2024

USDA reported DDGS prices averaged $156 per short ton in the June 28 National Weekly Ethanol Report. Prices were down $2 from the previous week and down $14 from the previous month.

The DDGS/cash corn ratio was 1.06, up from 1.00 last week. The DDGS/KC soybean meal ratio was 0.41, unchanged from last week.

The EIA reported U.S. ethanol production averaged 1,064 thousand barrels per day (tbpd) the week ending June 28. This was up 21 tbpd (2.0%) week-over-week and up 4 tbpd (0.4%) with production this time last year. The 4-week average production was 1,047 tbpd, down 2 tbpd from last week. Prices largely held steady this week as production remains strong.