DDGS Weekly Market Report – May 2, 2024

USDA reported DDGS prices averaged $173 per short ton in the April 26 National Weekly Ethanol Report. Prices were down $4 from the previous week and were down $13 from the previous month.

The DDGS/cash corn ratio was 1.10, down from 1.16 last week. The DDGS/KC soybean meal ratio was 0.49, down slightly from 0.50 last week.

The EIA reported U.S. ethanol production averaged 987 thousand barrels per day (bpd) the week ending April 26. This was up 33,000 bpd (3%) week-over-week and up 11,000 bpd (1%) year-over-year. The 4-week average production was 995 thousand bpd, down 21,500 bpd from last week. Production rebounded this week after steadily declining throughout April.