Market Matters Blog
DTN Weekly DDG Price Higher on Average
MINNEAPOLIS (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 35 locations reporting for the week ended Dec. 21 was $268 per ton, up $14 on average from one week ago. There were significant jumps in some states versus last week's prices, adding to the higher average.
DDG prices have turned higher as demand remains strong, especially during the extreme cold covering much of the U.S. and as cash corn continues to rise. The DTN National Corn Index is up 10 cents versus one week ago. The slowdown in production is also adding strength to prices as you can note below in the price table.
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The Energy Information Administration (EIA) on Wednesday showed that through Dec. 16, domestic ethanol production tumbled 32,000 barrels per day (bpd) to average 1.029 million bpd last week, 2.1% lower than a year ago. Over the four weeks ended Dec. 16, production averaged 1.046 million bpd, down 20,000 bpd from the same four weeks in 2021.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Dec. 21 was 1.13%. The value of DDG relative to soybean meal was 58.77%, and the cost per unit of protein for DDG was $9.41 compared to the cost per unit of protein for soybean meal at $9.59.
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 | 12/21/2022 | 12/15/2022 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $285 | $270 | $15 | |
| Wet | $160 | $160 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $280 | $270 | $10 | ||
| Wet | $150 | $145 | $5 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $250 | $245 | $5 | |
| Indiana | Dry | $240 | $230 | $10 | |
| Iowa | Dry | $265 | $250 | $15 | |
| Michigan | Dry | $225 | $220 | $5 | |
| Minnesota | Dry | $270 | $245 | $25 | |
| New York | Dry | $260 | $260 | $0 | |
| South Dakota | Dry | $350 | $270 | $80 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | $280 | $278 | $2 | ||
| Wet | $99 | $97 | $2 | ||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $265 | $245 | $20 | |
| Iowa | Dry | $320 | $260 | $60 | |
| Michigan | Dry | $260 | $250 | $10 | |
| Minnesota | Dry | $300 | $255 | $45 | |
| Missouri | Dry | $310 | $270 | $40 | |
| Ohio | Dry | $250 | $245 | $5 | |
| South Dakota | Dry | $330 | $265 | $65 | |
| Nebraska | Dry | $305 | $305 | $0 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $275 | $275 | $0 | |
| Call for Available | Wet* | $0 | $0 | $0 | |
| Illinois | Dry | $245 | $245 | $0 | |
| Nebraska | Dry | $275 | $275 | $0 | |
| Call for Available | Wet* | $0 | $0 | $0 | |
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $245 | $245 | $0 | |
| Indiana | Dry | $245 | $245 | $0 | |
| Iowa | Dry | $240 | $240 | $0 | |
| Michigan | Dry | $240 | $240 | $0 | |
| Minnesota | Dry | $240 | $240 | $0 | |
| Nebraska | Dry | $280 | $280 | $0 | |
| New York | Dry | $275 | $275 | $0 | |
| North Dakota | Dry | $270 | $260 | $10 | |
| Ohio | Dry | $255 | $255 | $0 | |
| South Dakota | Dry | $265 | $250 | $15 | |
| Wisconsin | Dry | $225 | $225 | $0 | |
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
| Dry | $230 | $225 | $5 | ||
| Western Kansas | Dry | $275 | $265 | $10 | |
| Wet | $110 | $110 | $0 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $360 | $360 | $0 | |
| **Weekly Average: | $268 | $254 | $14 | ||
| (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 | 12/21/2022 | $6.6225 | $236.5179 | |
| Soybean Meal | 12/21/2022 | $456.00 | ||
| DDG Weekly Average Spot Price | $268.00 | |||
| DDG Value Relative to: | 12/21/2022 | 12/15/22 | ||
| Corn | 1.13% | 1.09% | ||
| Soybean Meal | 58.77% | 55.79% | ||
| Cost Per Unit of Protein: | ||||
| DDG | $9.93 | $9.41 | ||
| Soybean Meal | $9.60 | $9.59 | ||
| Notes: | ||||
| Corn and soybean prices taken 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
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