DDGS Weekly Market Report – May 23, 2024

USDA reported DDGS prices averaged $173 per short ton in the May 17 National Weekly Ethanol Report. Prices were up $2 from the previous week and were down $4 from the previous month.

The DDGS/cash corn ratio was 1.08, up from 1.07 last week. The DDGS/KC soybean meal ratio was 0.45, steady with last week.

The EIA reported U.S. ethanol production averaged 1.19 million barrels per day (bpd) the week ending May 17. This was up 19,000 bpd (2%) week-over-week and up 36,000 bpd (4%) with production this time last year. The 4-week average production was 993 thousand bpd, up 16,000 bpd from last week. Production increased for the second week in a row as production and prices both recover from a recent low.