Market Matters Blog
DTN Weekly DDG Price Higher on Average
OMAHA (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 34 locations reporting for the week ended April 14 was $298 per ton, up $4 on average versus one week ago. Prices are showing strength as supplies in some states are tight where run rates have been slower, and the higher cash corn price also adds to DDG price strength. The DTN National Corn Index is 34 cents higher versus one week ago.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended April 14 was 105.59%. The value of DDG relative to soybean meal was 64.59%, and the cost per unit of protein for DDG was $11.04, compared to the cost per unit of protein for soybean meal at $9.71.
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The Energy Information Administration reported Wednesday that overall plant production fell to the lowest level since late February while demand increased 1.3%. Total ethanol production dropped a second week, falling 33,000 barrels per day (bpd) to 1.003 million bpd last week. Output was 2.9% higher than the same time in 2021, while the four-week average output totaled 1.027 million bpd, up 69,000 bpd from the four-week period of 2021. Still, domestic ethanol production has been above 1 million bpd in 24 of the past 26 weeks.
In its weekly DDGS export update, the U.S. Grains Council said: "Barge CIF NOLA and FOB Gulf DDGS values regained some of last week's losses amid an uptick in export purchase interest. Barge CIF NOLA offers are up $12-$14/metric ton for May/June while FOB Gulf offers are up $8/mt for May and up $13/mt for June and July. Prices for containerized DDGS into southeast Asia are steady/slightly lower this week after last week's declines. Brokers indicate offers for 40-foot containers to Southeast Asia are down $4/mt on average this week at $458 for May, June, and July shipment."
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 | 4/14/2022 | 4/7/2022 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $315 | $310 | $5 | |
| Wet | $175 | $170 | $5 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $305 | $310 | -$5 | ||
| Wet | $170 | $175 | -$5 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $285 | $285 | $0 | |
| Indiana | Dry | $290 | $290 | $0 | |
| Iowa | Dry | $285 | $280 | $5 | |
| Michigan | Dry | $270 | $255 | $15 | |
| Minnesota | Dry | $280 | $275 | $5 | |
| New York | Dry | $305 | $275 | $30 | |
| South Dakota | Dry | $300 | $295 | $5 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | $300 | $300 | $0 | ||
| Wet | $95 | $95 | $0 | ||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $305 | $305 | $0 | |
| Iowa | Dry | $300 | $290 | $10 | |
| Michigan | Dry | $285 | $280 | $5 | |
| Minnesota | Dry | $295 | $295 | $0 | |
| Missouri | Dry | $325 | $310 | $15 | |
| Ohio | Dry | $300 | $300 | $0 | |
| South Dakota | Dry | $325 | $305 | $20 | |
| Nebraska | Dry | $325 | $315 | $10 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $320 | $320 | $0 | |
| Wet | $110 | $110 | $0 | ||
| Illinois | Dry | $290 | $290 | $0 | |
| Nebraska | Dry | $320 | $320 | $0 | |
| Wet | $110 | $110 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $290 | $285 | $5 | |
| Indiana | Dry | $300 | $295 | $5 | |
| Iowa | Dry | $280 | $275 | $5 | |
| Michigan | Dry | $285 | $280 | $5 | |
| Minnesota | Dry | $280 | $280 | $0 | |
| Nebraska | Dry | $312 | $310 | $2 | |
| New York | Dry | $319 | $315 | $4 | |
| North Dakota | Dry | $305 | $300 | $5 | |
| Ohio | Dry | $290 | $285 | $5 | |
| South Dakota | Dry | $300 | $295 | $5 | |
| Wisconsin | Dry | $275 | $270 | $5 | |
| Western Kansas | Dry | $350 | $350 | $0 | |
| Wet | $125 | $125 | $0 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $410 | $390 | $20 | |
| **Weekly Average: | $298 | $294 | $4 | ||
| (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 | 4/14/2022 | $7.9025 | $282.23 |
| Soybean Meal | 4/14/2022 | $461.40 | |
| DDG Weekly Average Spot Price | $298.00 | ||
| DDG Value Relative to: | 4/14 | 4/7 | |
| Corn | 105.59% | 108.64% | |
| Soybean Meal | 64.59% | 63.88% | |
| Cost Per Unit of Protein: | |||
| DDG | $11.04 | $10.89 | |
| Soybean Meal | $9.71 | $9.69 | |
| 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
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