# Market Perspectives - March 7, 2024 - Page 5 of 9 - U.S. Grains & BioProducts Council

> USDA reported DDGS prices averaged $193 per short ton in the March 1 National Weekly Ethanol Report, down $7 from the prior week. EIA data showed ethanol production at 1.057 million bpd in the week ending March 1, down 2% week-over-week but up 5% year-over-year.

- Date: 2024-03-07 · published 2024-03-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31282-market-perspectives-march-7-2024-page-5-of-9-u-s-grains-and-bioproducts-council
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A sharp weekly DDGS price drop and a shrinking DDGS-to-corn ratio make the co-product less competitive in feed rations, pressuring DDGS values.

## Read by commodity

- DDGS: bearish ▼

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-march-7-2024/5/

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