# Market Perspectives - February 8, 2024 - Page 5 of 9 - U.S. Grains & BioProducts Council

> USDA reported DDGS prices averaged $206 per short ton in its February 2 National Weekly Ethanol Report, unchanged from the prior week. The DDGS/cash corn ratio held at 1.30, well above the 1.00-1.15 range of the past two years. December 2023 DDGS production reached 1.95 million tons, up 9% month over month and 16% year over year.

- Date: 2024-02-08 · published 2024-02-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31773-market-perspectives-february-8-2024-page-5-of-9-u-s-grains-and-bioproducts
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A DDGS/corn ratio near 1.3 keeps DDGS priced attractively versus corn for feed formulators, supporting demand for DDGS and limiting corn's feed substitution value. Strong DDGS output adds supply that could cap DDGS prices.

## Read by commodity

- CORN: neutral
- DDGS: neutral

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-february-8-2024/5/

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