Market Matters Blog
DTN Weekly Average DDG Price Steady
MINNEAPOLIS (DTN) -- The DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Dec. 31 was $164 per ton on average, unchanged versus two weeks ago. It was a quiet week again given the New Year's Day holiday and following the shortened week prior due to Christmas Eve and Christmas Day.
DDG prices were mixed but steady on average again for the week, even with the cash corn price slightly lower, while soybean meal prices were also lower, down $2.90 versus two weeks ago. As for cash corn, the DTN National Average Corn Index was down 2 cents versus two weeks ago.
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Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Dec 31 was 1.043%. The value of DDG relative to soybean meal was 54.78% and the cost per unit of protein for DDG was $6.07 compared to the cost per unit of protein for soybean meal at $6.30.
The Energy Information Administration reported for the week ended Dec. 26, overall ethanol production in the United States averaged 1.12 million barrels per day (bpd), up 25,000 bpd versus last week and 13,000 bpd, or 1.2%, higher than in the same week last year. Four-week average output at 1.119 million bpd was 26,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.063 million bpd, up 25,000 bpd versus last week and 18,000 bpd, or 1.7%, higher than in the same week last year. Four-week average output at 1.062 million bpd was 31,000 bpd above the same four weeks last year.
Note: All prices subject to change/confirmation.
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||
| COMPANY | STATE | 12/31/2025 | 12/18/2025 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $185 | $190 | -$5 | |
| Wet | $90 | $90 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $185 | $180 | $5 | ||
| Wet | $95 | $95 | $0 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| call | Illinois | Dry | $163 | $163 | $0 |
| call | Indiana | Dry | $150 | $150 | $0 |
| call | Iowa | Dry | $150 | $150 | $0 |
| call | Michigan | Dry | $150 | $150 | $0 |
| call | Minnesota | Dry | $150 | $150 | $0 |
| call | New York | Dry | $178 | $178 | $0 |
| call | South Dakota | Dry | $170 | $170 | $0 |
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $175 | $175 | $0 | |
| Iowa | Dry | $170 | $170 | $0 | |
| Michigan | Dry | $175 | $175 | $0 | |
| Minnesota | Dry | $170 | $170 | $0 | |
| Missouri | Dry | $178 | $178 | $0 | |
| Ohio | Dry | $175 | $175 | $0 | |
| South Dakota | Dry | $172 | $172 | $0 | |
| Nebraska | Dry | $178 | $178 | $0 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $180 | $180 | $0 | |
| Wet | $70 | $70 | $0 | ||
| Ill SOLD OUT | Dry | $170 | $170 | $0 | |
| Nebraska | Dry | $170 | $170 | $0 | |
| Wet | $65 | $65 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $155 | $155 | $0 | |
| Indiana | Dry | $145 | $145 | $0 | |
| Iowa | Dry | $145 | $145 | $0 | |
| Michigan | Dry | $145 | $145 | $0 | |
| Minnesota | Dry | $145 | $145 | $0 | |
| Nebraska | Dry | $165 | $165 | $0 | |
| New York | Dry | $175 | $175 | $0 | |
| North Dakota | Dry | $165 | $165 | $0 | |
| Ohio | Dry | $160 | $160 | $0 | |
| South Dakota | Dry | $155 | $155 | $0 | |
| Wisconsin | Dry | $140 | $140 | $0 | |
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
| FOB Pickett | Dry | $140 | $137 | $3 | |
| Western Kansas | |||||
| Dry | $212 | $203 | $9 | ||
| Wet | $75 | $74 | $1 | ||
| Western Milling | |||||
| California | Dry | $252 | $252 | $0 | |
| **Weekly Average: | $164 | $164 | $0 | ||
| (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 | 12/31/2025 | $4.4025 | $157.2322 |
| Soybean Meal | 12/31/2025 | $299.40 | |
| DDG Weekly Average Spot Price | 12/31/2025 | $164.00 | |
| DDG Value Relative to: | 12/31 | 12/24 | |
| Corn | 1.043% | 1.033% | |
| Soybean Meal | 54.78% | 54.25% | |
| Cost Per Unit of Protein: | |||
| DDG | $6.07 | 6.07 | |
| Soybean Meal | $6.30 | 6.36 | |
| 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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