Market Matters Blog
DTN Weekly Average DDG Price Higher
MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Feb. 26 was $170 per ton on average, up $1 versus one week ago.
DDG prices were mixed but higher on average for the week, while the cash corn price was higher and soybean meal prices were up $12.00 versus one week ago. As for cash corn, the DTN National Average Corn Index was up 9 cents versus one week ago.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Feb 26 was 1.073%. The value of DDG relative to soybean meal was 52.98% and the cost per unit of protein for DDG was $6.30 compared to the cost per unit of protein for soybean meal at $6.76.
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U.S. Grains and Bioproducts Council, in its weekly distillers dried grains with solubles (DDGS) export market prices report, showed these April prices as of Feb. 26: CIF NOLA barge price was down $3 at $228 metric ton (mt) versus on week ago; FOB vessel Gulf price was up $7 at $263 mt; rail delivered PNW was up $17 at $285; and rail delivered to California was up $23 at $280 mt.
Ethanol production in the United States averaged 1.113 million barrels per day (bpd) in the week ended Feb. 20, down 5,000 bpd week-on-week and 32,000 bpd, or 3%, higher than in the same week last year, the Energy Information Administration reported Wednesday. Four-week average output at 1.127 million bpd was 23,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.06 million bpd, up 2,000 bpd week-on-week and 27,000 bpd, or 2.6%, higher than in the same week last year. Four-week average output at 1.07 million bpd was 24,000 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 | 2/26/2025 | 2/19/2025 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $175 | $175 | $0 | |
| Wet | $90 | $90 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $175 | $180 | -$5 | ||
| Wet | $95 | $100 | -$5 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $177 | $177 | $0 | |
| Indiana | Dry | $160 | $155 | $5 | |
| Iowa | Dry | $160 | $155 | $5 | |
| Michigan | Dry | $162 | $160 | $2 | |
| Minnesota | Dry | $153 | $150 | $3 | |
| New York | Dry | $199 | $199 | $0 | |
| South Dakota | Dry | $165 | $175 | -$10 | |
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $190 | $190 | $0 | |
| Iowa | Dry | $170 | $170 | $0 | |
| Michigan | Dry | $185 | $185 | $0 | |
| Minnesota | Dry | $170 | $170 | $0 | |
| Missouri | Dry | $175 | $175 | $0 | |
| Ohio | Dry | $190 | $190 | $0 | |
| South Dakota | Dry | $165 | $165 | $0 | |
| Nebraska | Dry | $168 | $168 | $0 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $185 | $185 | $0 | |
| Wet | $80 | $80 | $0 | ||
| Ill MARCH | Dry | $185 | $175 | $10 | |
| Nebraska | Dry | $175 | $175 | $0 | |
| Wet | $75 | $75 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $175 | $175 | $0 | |
| Indiana | Dry | $165 | $165 | $0 | |
| Iowa | Dry | $155 | $155 | $0 | |
| Michigan | Dry | $155 | $155 | $0 | |
| Minnesota | Dry | $150 | $150 | $0 | |
| Nebraska | Dry | $165 | $165 | $0 | |
| New York | Dry | $190 | $190 | $0 | |
| North Dakota | Dry | $170 | $170 | $0 | |
| Ohio | Dry | $175 | $175 | $0 | |
| South Dakota | Dry | $165 | $165 | $0 | |
| Wisconsin | Dry | $155 | $155 | $0 | |
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
| FOB Pickett | Dry | $150 | $150 | $0 | |
| Western Kansas | |||||
| Dry | $190 | $190 | $0 | ||
| Wet | $71 | $71 | $0 | ||
| Western Milling | |||||
| California | Dry | $252 | $252 | $0 | |
| **Weekly Average: | $170 | $169 | $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 | 2/26/2026 | $4.4350 | $158.3929 |
| Soybean Meal | 2/26/2026 | $320.90 | |
| DDG Weekly Average Spot Price | 2/26/2026 | $170.00 | |
| DDG Value Relative to: | 2/26 | 2/19 | |
| Corn | 1.073% | 1.111% | |
| Soybean Meal | 52.98% | 54.71% | |
| Cost Per Unit of Protein: | |||
| DDG | $6.30 | $6.26 | |
| Soybean Meal | $6.76 | $6.50 | |
| 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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