Market Matters Blog
DTN Weekly DDG Average Price Continues to Weaken
OMAHA (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 34 locations reporting for the week ended June 23 was $231 per ton, down $7 on average versus one week ago. Prices continue to move lower, under pressure from lower corn and soybean meal prices and lack of demand nearby. The DTN National Corn Index is down 44 cents versus one week ago.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended June 23 was 86.61%. The value of DDG relative to soybean meal was 54.14%, and the cost per unit of protein for DDG was $8.56, compared to the cost per unit of protein for soybean meal at $8.98.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
In its weekly DDGS export update, the U.S. Grains Council said: "The volatility in outside grain and feed markets has impacted the DDGS market and indications are wide-ranging. Barge CIF NOLA offers are $4 to $6 metric ton (mt) higher, on average, with barge freight driving much of the increase. FOB NOLA offers are up $4 to $5/mt for spot shipment and up $2 to $3/mt for deferred positions. Prices for 40-foot containers to Southeast Asia are widely mixed this week with lower offers for product into the Philippines, Indonesia, and Malaysia (averaging $9/mt declines) but higher rates for product to Vietnam, Bangladesh, and Myanmar. The average price for containerized DDGS to Southeast Asia hit $414/mt this week."
NOTE: All prices listed below can change at any time and are subject to confirmation from seller.
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||
| COMPANY | STATE | 6/23/2022 | 6/16/2022 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $255 | $260 | -$5 | |
| Wet | $150 | $150 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $255 | $255 | $0 | ||
| Wet | $125 | $125 | $0 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $230 | $240 | -$10 | |
| Indiana | Dry | $230 | $235 | -$5 | |
| Iowa | Dry | $225 | $230 | -$5 | |
| Michigan | Dry | $220 | $230 | -$10 | |
| Minnesota | Dry | $215 | $225 | -$10 | |
| New York | Dry | $230 | $230 | $0 | |
| South Dakota | Dry | $220 | $240 | -$20 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | $220 | $237 | -$17 | ||
| Wet | $70 | $77 | -$7 | ||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $250 | $257 | -$7 | |
| Iowa | Dry | $240 | $240 | $0 | |
| Michigan | Dry | $245 | $255 | -$10 | |
| Minnesota | Dry | $250 | $250 | $0 | |
| Missouri | Dry | $270 | $270 | $0 | |
| Ohio | Dry | $250 | $260 | -$10 | |
| South Dakota | Dry | $240 | $240 | $0 | |
| Nebraska | Dry | $240 | $240 | $0 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $240 | $240 | $0 | |
| Wet | $90 | $90 | $0 | ||
| Illinois | Dry | $240 | $250 | -$10 | |
| Nebraska | Dry | $230 | $230 | $0 | |
| Wet | $90 | $90 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $220 | $230 | -$10 | |
| Indiana | Dry | $225 | $235 | -$10 | |
| Iowa | Dry | $200 | $210 | -$10 | |
| Michigan | Dry | $230 | $240 | -$10 | |
| Minnesota | Dry | $200 | $210 | -$10 | |
| Nebraska | Dry | $220 | $230 | -$10 | |
| New York | Dry | $235 | $245 | -$10 | |
| North Dakota | Dry | $235 | $245 | -$10 | |
| Ohio | Dry | $220 | $230 | -$10 | |
| South Dakota | Dry | $210 | $215 | -$5 | |
| Wisconsin | Dry | $215 | $225 | -$10 | |
| Western Kansas | Dry | $265 | $265 | $0 | |
| Wet | $115 | $125 | -10 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California SUBJECT | Dry | $360 | $360 | $0 | |
| **Weekly Average: | $231 | $238 | -$7 | ||
| (Prices listed per ton) | |||||
| **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 | 6/23/2022 | $7.4675 | $266.70 |
| Soybean Meal | 6/23/2022 | $426.70 | |
| DDG Weekly Average Spot Price | $231.00 | ||
| DDG Value Relative to: | 6/23 | 6/16 | |
| Corn | 86.61% | 84.54% | |
| Soybean Meal | 54.14% | 55.39% | |
| Cost Per Unit of Protein: | |||
| DDG | $8.56 | $8.81 | |
| Soybean Meal | $8.98 | $9.05 | |
| 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
(c) Copyright 2022 DTN, LLC. All rights reserved.
Comments
To comment, please Log In or Join our Community .