# Market Perspectives - August 15, 2024 - Page 5 of 7 - U.S. Grains & BioProducts Council

> USDA reported DDGS prices averaged $142 per short ton in its August 9 National Weekly Ethanol Report, down $1 from the prior week and $8 from a month earlier. The DDGS/cash corn ratio was 1.05 and the DDGS/soybean meal ratio was 0.41. EIA data showed U.S. ethanol output at 1,072 thousand bpd for the week ending August 9, up slightly week over week.

- Date: 2024-08-15 · published 2024-08-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28892-market-perspectives-august-15-2024-page-5-of-7-u-s-grains-and-bioproducts
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Steady ethanol output keeps DDGS supply ample, which is pressuring DDGS prices lower. Cheaper DDGS relative to corn and soybean meal can make it more attractive as a feed ingredient, but it also limits upside for the ingredient.

## Read by commodity

- DDGS: bearish ▼

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-august-15-2024/5/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.