DDGS Weekly Market Report – May 30, 2024

USDA reported DDGS prices averaged $173 per short ton in the May 24 National Weekly Ethanol Report. Prices were mostly unchanged from the previous week and were unchanged from the previous month.

The DDGS/cash corn ratio was 1.06, down from 1.08 last week. The DDGS/KC soybean meal ratio was 0.43, down from 0.45 last week.

The EIA reported U.S. ethanol production averaged 1,068 thousand barrels per day (tbpd) the week ending May 24. This was up 49 tbpd (4.8%) week-over-week and up 64 tbpd (6.4%) with production this time last year. The 4-week average production was 1,013 tbpd, up 20.250 tbpd from last week. Production increased for the third week in a row as production and prices both recover from a recent low.