DDGS Weekly Market Report – June 27, 2024

USDA reported DDGS prices averaged $158 per short ton in the June 21 National Weekly Ethanol Report. Prices were unchanged from the previous week and down $15 from the previous month.

The DDGS/cash corn ratio was 1.00, up from 0.97 last week. The DDGS/KC soybean meal ratio was 0.41, unchanged from last week.

The EIA reported U.S. ethanol production averaged 1,043 thousand barrels per day (tbpd) the week ending June 21. This was down 14 tbpd (6.3%) week-over-week and down 9 tbpd (0.9%) with production this time last year. The 4-week average production was 1,049 tbpd, down 6 tbpd from last week. Production continues to hold steady, averaging more than 1 million barrels per day for the sixth consecutive week.