Market Matters Blog
DTN Weekly DDG Average Price Lower
OMAHA (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 34 locations reporting for the week ended June 30 was $224 per ton, down $7 on average versus one week ago. Prices continue their downward trend, as the lower corn price and lack of demand nearby are pressuring prices. The DTN National Corn Index is down 39 cents versus one week ago.
EIA said Wednesday that production at domestic ethanol plants fell 4,000 bpd in the week profiled to 1.051 million bpd following a decrease of 5,000 bpd the prior week. Production as of June 24 was 0.7% lower than the same week in 2021. Plant output averaged 1.051 million bpd during the four weeks ended June 24, 1,000 bpd above the same four weeks a year earlier.
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Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended June 30 was 84.33%. The value of DDG relative to soybean meal was 47.67%, and the cost per unit of protein for DDG was $8.30, compared to the cost per unit of protein for soybean meal at $9.89.
In its weekly DDGS export update, the U.S. Grains Council said: "Barge CIF NOLA offers $15/MT lower, on average, this week while FOB Gulf offers are down $10-14/MT, depending on the shipment period. Offers for containerized DDGS to southeast Asia remain spotty but are generally down $4-7/MT this week, averaging $408/MT."
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 | 7/1/2022 | 6/23/2022 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $240 | $255 | -$15 | |
| Wet | $140 | $150 | -$10 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $245 | $255 | -$10 | ||
| Wet | $125 | $125 | $0 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $230 | $230 | $0 | |
| Indiana | Dry | $230 | $230 | $0 | |
| Iowa | Dry | $225 | $225 | $0 | |
| Michigan | Dry | $230 | $220 | $10 | |
| Minnesota | Dry | $210 | $215 | -$5 | |
| New York | Dry | $230 | $230 | $0 | |
| South Dakota | Dry | $215 | $220 | -$5 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | $220 | $220 | $0 | ||
| Wet | $70 | $70 | $0 | ||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $250 | $250 | $0 | |
| Iowa | Dry | $230 | $240 | -$10 | |
| Michigan | Dry | $245 | $245 | $0 | |
| Minnesota | Dry | $235 | $250 | -$15 | |
| Missouri | Dry | $275 | $270 | $5 | |
| Ohio | Dry | $250 | $250 | $0 | |
| South Dakota | Dry | $245 | $240 | $5 | |
| Nebraska | Dry | $225 | $240 | -$15 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $230 | $240 | -$10 | |
| Wet | $90 | $90 | $0 | ||
| Illinois | Dry | $230 | $240 | -$10 | |
| Nebraska | Dry | $220 | $230 | -$10 | |
| Wet | $90 | $90 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $215 | $220 | -$5 | |
| Indiana | Dry | $215 | $225 | -$10 | |
| Iowa | Dry | $190 | $200 | -$10 | |
| Michigan | Dry | $220 | $230 | -$10 | |
| Minnesota | Dry | $190 | $200 | -$10 | |
| Nebraska | Dry | $195 | $220 | -$25 | |
| New York | Dry | $225 | $235 | -$10 | |
| North Dakota | Dry | $205 | $235 | -$30 | |
| Ohio | Dry | $210 | $220 | -$10 | |
| South Dakota | Dry | $200 | $210 | -$10 | |
| Wisconsin | Dry | $205 | $215 | -$10 | |
| Western Kansas | Dry | $265 | $265 | $0 | |
| Wet | $115 | $115 | $0 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California SUBJECT | Dry | $350 | $360 | -$10 | |
| **Weekly Average: | $224 | $231 | -$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 | 6/30/2022 | $7.4375 | $265.63 |
| Soybean Meal | 6/30/2022 | $469.90 | |
| DDG Weekly Average Spot Price | $224.00 | ||
| DDG Value Relative to: | 6/30 | 6/23 | |
| Corn | 84.33% | 86.61% | |
| Soybean Meal | 47.67% | 54.14% | |
| Cost Per Unit of Protein: | |||
| DDG | $8.30 | $8.56 | |
| Soybean Meal | $9.89 | $8.98 | |
| 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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