Market Matters Blog

DTN Weekly Average DDG Price Steady

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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The DTN domestic distillers dried grains weekly spot price was unchanged on average at $149 per ton for the week ended Jan. 16. (DTN file photo)

OMAHA (DTN) -- The domestic distillers dried grains (DDG) weekly spot price from the 40 locations DTN contacted was unchanged at $149 per ton for the week ended Jan. 16. Prices were steady on average this week, with an uptick seen in California prices. The weekly Energy Information Administration report showed that, for the week ended Jan. 10, ethanol plant production jumped over 3% after two straight weekly declines.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Jan. 16 was at 111.10%. The value of DDG relative to soybean meal was at 49.57%. The cost per unit of protein for DDG was $5.52, compared to the cost per unit of protein for soybean meal at $6.33.

In its weekly DDGS export update, the U.S. Grains Council noted, "DDGS markets are still quiet this week with much of the trade watching for the details of the U.S.-China trade agreement. Barge CIF NOLA values are $1 to $2 metric ton (mt) higher this week with winter storms across the Midwest tightening logistics. U.S. rail rates are increasing for the same reason as well. FOB NOLA offers are steady/slightly higher amid moderate international demand. Prices for 40-foot containers to Southeast Asia are $1/mt higher on average this week, with notable price increases for product destined for Vietnam and Thailand."

* CIF (cost, insurance and freight paid by seller) NOLA (New Orleans)

* FOB (free on board means buyer pays costs of ocean freight,

insurance, unloading, and transportation from originating port)

ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 1/16/2020 1/9/2020
Bartlett and Company, Kansas City, MO (816-753-6300)
Missouri Dry $165 $165 $0
Wet $83 $83 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Missouri Dry $165 $165 $0
Wet $80 $80 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $155 $155 $0
Indiana Dry $150 $150 $0
Iowa Dry $140 $140 $0
Michigan Dry $145 $145 $0
Minnesota Dry $140 $140 $0
North Dakota Dry $145 $145 $0
New York Dry $155 $155 $0
South Dakota Dry $140 $140 $0
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
Kansas Dry $155 $160 -$5
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $155 $155 $0
Iowa Dry $137 $137 $0
Michigan Dry $145 $145 $0
Minnesota Dry $135 $135 $0
Missouri Dry $155 $155 $0
Ohio Dry $155 $155 $0
South Dakota Dry $158 $158 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $165 $165 $0
Wet $65 $65 $0
Illinois FEB Dry $164 $160 $4
Nebraska Dry $160 $160 $0
Wet $65 $65 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $155 $155 $0
Indiana Dry $155 $155 $0
Iowa Dry $140 $140 $0
Michigan Dry $150 $150 $0
Minnesota Dry $140 $140 $0
Nebraska Dry $145 $145 $0
New York Dry $170 $170 $0
North Dakota Dry $150 $150 $0
Ohio Dry $160 $160 $0
South Dakota Dry $140 $140 $0
Wisconsin Dry $140 $140 $0
Valero Energy Corp, San Antonio Texas
Indiana Dry $150 $150 $0
Iowa Dry $140 $140 $0
Minnesota Dry $140 $140 $0
Nebraska Dry $145 $145 $0
Ohio Dry $160 $160 $0
South Dakota Dry $140 $140 $0
California Dry $204 $202 $2
Western Milling, Goshen, California (559-302-1074)
California Dry $215 $210 $5
*Prices listed per ton.
Weekly Average $149 $149 $0
The weekly average prices above reflect only those companies DTN
collects spot prices from. States include: Missouri, Iowa, Nebraska,
Kansas, Illinois, Minnesota, North Dakota, South Dakota, Michigan,
Wisconsin and Indiana. Prices for Pennsylvania, New York and
California are not included in the averages.
VALUE OF DDG VS. CORN & SOYBEAN MEAL
Settlement Price: Quote Date Bushel Short Ton
Corn 1/16/2020 $3.7550 $134.11
Soybean Meal 1/16/2020 $300.60
DDG Weekly Average Spot Price $149.00
DDG Value Relative to: 1/16 1/9
Corn 111.10% 108.86%
Soybean Meal 49.57% 50.30%
Cost Per Unit of Protein:
DDG $5.52 $5.52
Soybean Meal $6.33 $6.24
Notes:
Corn and soybean prices take from DTN Market Quotes. DDG price
represents the average spot price from Midwest companies
collected on Thursday afternoons. Soybean meal cost per unit
of protein is cost per ton divided by 47.5. DDG cost per unit
of protein is cost per ton divided by 27.

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on Twitter @MaryCKenn

(CZ)

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