In the second half of 2025, DDGS prices remained largely steady with only small fluctuations. Early in the period, spot prices held stable as ethanol production slowed slightly due to seasonal maintenance, but overall supply remained sufficient to meet animal feed demand. Corn prices eased slightly, which helped maintain DDGS competitiveness as a feed ingredient compared to soybean meal. While individual locations reported minor gains or declines, the weekly averages showed minimal overall change, indicating a balanced market between supply and demand.
As the harvest progressed and ethanol plants returned to full operation, production increased, leading to plentiful DDGS availability. This abundance allowed feed manufacturers to continue substituting DDGS for more expensive oil meals, especially soybean meal, helping to stabilize the market. Export activity grew moderately, though domestic consumption still accounted for the majority of demand. In India, rising DDGS supplies influenced feed formulation by reducing reliance on traditional oil meals, contributing to regional adjustments in corn and soybean planting.
Overall, the market showed resilience despite shifts in ethanol output and corn prices, with steady demand supporting price stability.