Market Matters Blog
DTN Weekly DDG Price Higher on Average
MINNEAPOLIS (DTN) -- The DTN price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Sept. 19 was $2 higher on average at $143 per ton versus one week ago. DDG prices overall were mixed but higher for the week on average. Weekly plant production was lower with some plants heading into fall maintenance this month. The DTN National Average Corn Index was down 1 cent versus one week ago.
The U.S. Energy Information Administration reported overall ethanol production in the United States averaged 1.049 million bpd for the week ending Sept. 13, down 31,000 bpd week-on-week and 69,000 bpd, or 6.6% higher than in the same week last year. Four-week average output at 1.065 million bpd was 56,000 bpd above the same four weeks last year. Midwest ethanol production averaged 986,000 bpd, down 33,000 bpd week-on-week and 59,000 bpd, or 6% higher than in the same week last year. Four-week average output at 1.005 million bpd was 52,000 bpd above the same four weeks last year.
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Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Sept. 19 was 0.99%. The value of DDG relative to soybean meal was 44.70% and the cost per unit of protein for DDG was $5.30 compared to the cost per unit of protein for soybean meal at $6.73.
U.S. Grains Council in its weekly DDGS export market prices report showed as of Sept. 18, October CIF NOLA barge price was at $169 metric ton (mt), down $8 versus one week ago, and FOB vessel Gulf price was down $4 at $185; rail delivered PNW was down $1 at $213 and rail delivered to California was steady at $212 mt.
Low water levels on the lower Mississippi River are impeding barge traffic, affecting DDGS and other grain shipments. Drafts have been cut again and dredges are busy keeping channels open and hoping to help stop groundings in the trouble spots. The Mississippi River at Memphis is at -7.67 feet below zero gauge today at St. Louis is at -0.65.
Note: All prices subject to change/confirmation.
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||
| COMPANY | STATE | 9/19/2024 | 9/12/2024 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $160 | $160 | $0 | |
| Wet | $80 | $80 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $150 | $150 | $0 | ||
| Wet | $60 | $60 | $0 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $145 | $145 | $0 | |
| Indiana | Dry | $120 | $120 | $0 | |
| Iowa | Dry | $130 | $130 | $0 | |
| Michigan | Dry | $125 | $125 | $0 | |
| Minnesota | Dry | $128 | $125 | $3 | |
| New York | Dry | $135 | $135 | $0 | |
| South Dakota | Dry | $135 | $130 | $5 | |
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $155 | $155 | $0 | |
| Iowa | Dry | $145 | $145 | $0 | |
| Michigan | Dry | $150 | $150 | $0 | |
| Minnesota | Dry | $145 | $145 | $0 | |
| Missouri | Dry | $160 | $160 | $0 | |
| Ohio | Dry | $155 | $155 | $0 | |
| South Dakota | Dry | $150 | $150 | $0 | |
| Nebraska | Dry | $160 | $150 | $10 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $160 | $160 | $0 | |
| Wet | $65 | $65 | $0 | ||
| Illinois | Dry | $147 | $150 | -$3 | |
| Nebraska | Dry | $160 | $160 | $0 | |
| Wet | $65 | $65 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $135 | $135 | $0 | |
| Indiana | Dry | $130 | $130 | $0 | |
| Iowa | Dry | $120 | $120 | $0 | |
| Michigan | Dry | $135 | $135 | $0 | |
| Minnesota | Dry | $120 | $110 | $10 | |
| Nebraska | Dry | $145 | $140 | $5 | |
| New York | Dry | $160 | $160 | $0 | |
| North Dakota | Dry | $135 | $130 | $5 | |
| Ohio | Dry | $145 | $145 | $0 | |
| South Dakota | Dry | $125 | $120 | $5 | |
| Wisconsin | Dry | $130 | $130 | $0 | |
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
| W/O 9-22 FOBPickett | Dry | $140 | $137 | $3 | |
| Western Kansas | |||||
| Kansas | Dry | $185 | $175 | $10 | |
| Wet | $72 | $70 | $2 | ||
| Western Milling | |||||
| California | Dry | $220 | $220 | $0 | |
| **Weekly Average: | $143 | $141 | $2 | ||
| (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 | 9/19/2024 | $4.0575 | $144.9107 |
| Soybean Meal | 9/19/2024 | $319.90 | |
| DDG Weekly Average Spot Price | 9/19/2024 | $143.00 | |
| DDG Value Relative to: | 9/19 | 9/12 | |
| Corn | 0.99% | 1.13% | |
| Soybean Meal | 44.70% | 48.84% | |
| Cost Per Unit of Protein: | |||
| DDG | $5.30 | $7.19 | |
| Soybean Meal | $6.73 | $8.36 | |
| 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 the social platform X @MaryCKenn
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