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 April 13 was $259 per ton, up $1 from one week ago. Prices were mixed but higher on average as plants are taking seasonal maintenance downtime, which is causing DDG to be in short supply where that is taking place.
The Energy Information Administration (EIA) at midweek showed total domestic ethanol production slid 44,000 barrels per day (bpd) to a 13-week low 959,000 bpd as of April 7, 3.6% below a year ago. The four-week average output at 991,000 bpd was 28,000 bpd lower than the same four weeks in 2022. Midwest PADD 2 ethanol production tumbled 45,000 bpd on the week to 912,000 bpd, the lowest output rate since the first week of January. The four-week average output in PADD 2 at 945,000 bpd was 18,000 bpd lower than the same time last year.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended April 13 was 1.11%. The value of DDG relative to soybean meal was 55.87%, and the cost per unit of protein for DDG was $9.59 compared to the cost per unit of protein for soybean meal at $9.76.
In its weekly DDGS export update, the U.S. Grains Council said: "The pipeline for product to the river system remains tight again this week but barge CIF NOLA prices are steady to $2 lower and offered at $339 for last-half April and $332 for May. FOB NOLA offers, however, are $3 to $4 metric ton (mt) higher and average $343 mt for spot positions with a -$5 carry to May. Offers for 40-foot containers to Southeast Asia are higher this week and average $399 mt for Q2 positions."
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 | 4/13/2023 | 4/6/2023 | ||
Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
Missouri | Dry | $265 | $275 | -$10 | |
Wet | $155 | $155 | $0 | ||
Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
Dry | $265 | $270 | -$5 | ||
Wet | $150 | $155 | -$5 | ||
CHS, Minneapolis, MN (800-769-1066) | |||||
Illinois | Dry | $248 | $248 | $0 | |
Indiana | Dry | $245 | $245 | $0 | |
Iowa | Dry | $250 | $250 | $0 | |
Michigan | Dry | $255 | $245 | $10 | |
Minnesota | Dry | $250 | $245 | $5 | |
New York | Dry | $270 | $270 | $0 | |
South Dakota | Dry | $255 | $255 | $0 | |
MGP Ingredients, Atchison, KS (800-255-0302) | |||||
Dry | $257 | $255 | $2 | ||
Wet | $92 | $95 | -$3 | ||
POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
Indiana | Dry | $275 | $270 | $5 | |
Iowa | Dry | $270 | $265 | $5 | |
Michigan | Dry | $285 | $275 | $10 | |
Minnesota | Dry | $265 | $265 | $0 | |
Missouri | Dry | $280 | $275 | $5 | |
Ohio | Dry | $265 | $260 | $5 | |
South Dakota | Dry | $265 | $270 | -$5 | |
Nebraska | Dry | $275 | $275 | $0 | |
United BioEnergy, Wichita, KS (316-616-3521) | |||||
Kansas | Dry | $275 | $285 | -$10 | |
Wet* | $115 | $115 | $0 | ||
Illinois OUT APRIL | Dry | $248 | $250 | -$2 | |
Nebraska | Dry | $275 | $285 | -$10 | |
Wet* | $115 | $115 | $0 | ||
U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
Illinois | Dry | $250 | $250 | $0 | |
Indiana | Dry | $245 | $245 | $0 | |
Iowa | Dry | $240 | $240 | $0 | |
Michigan | Dry | $250 | $250 | $0 | |
Minnesota | Dry | $245 | $240 | $5 | |
Nebraska | Dry | $265 | $265 | $0 | |
New York | Dry | $280 | $280 | $0 | |
North Dakota | Dry | $255 | $255 | $0 | |
Ohio | Dry | $250 | $250 | $0 | |
South Dakota | Dry | $255 | $255 | $0 | |
Wisconsin | Dry | $245 | $245 | $0 | |
Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
Dry | $240 | $240 | $0 | ||
Western Kansas | Dry | $265 | $265 | $0 | |
Wet | $100 | $100 | $0 | ||
**Weekly Average: | $259 | $258 | $1 | ||
(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 | 4/13/2023 | $6.5225 | $232.9465 |
Soybean Meal | 4/13/2023 | $463.60 | |
DDG Weekly Average Spot Price | 4/13/2023 | $259.00 | |
DDG Value Relative to: | 4/13 | 4/6 | |
Corn | 1.11% | 1.12% | |
Soybean Meal | 55.87% | 56.79% | |
Cost Per Unit of Protein: | |||
DDG | $9.59 | $9.56 | |
Soybean Meal | $9.76 | $9.56 | |
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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