Market Matters Blog
DTN Weekly DDG Price Higher on Average
MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended March 5 was $172 per ton on average, up $2 versus one week ago.
DDG prices were mixed but higher on average again for the week, while the cash corn price was higher and soybean meal prices were down $11.60 versus one week ago. As for cash corn, the DTN National Average Corn Index was up 12 cents versus one week 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 March 5 was 1.062%. The value of DDG relative to soybean meal was 55.61% and the cost per unit of protein for DDG was $6.37 compared to the cost per unit of protein for soybean meal at $6.51.
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 March 5: CIF NOLA barge price was up $20 at $248 metric ton (mt) versus on week ago; FOB vessel Gulf price was up $3 at $265 mt; rail delivered PNW was down $7 at $278; and rail delivered to California was down $10 at $270 mt.
The Energy Information Administration reported on Wednesday (3/4) that overall ethanol production in the United States averaged 1.095 million barrels per day (bpd) in the week ended Feb. 27, down 18,000 bpd week-on-week but 33,000 bpd, or 3.1%, higher than in the same week last year. Four-week average output at 1.109 million bpd was 24,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.044 million bpd, down 16,000 bpd week-on-week and 36,000 bpd, or 3.6%, higher than in the same week last year. Four-week average output at 1.054 million bpd was 22,000 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 | 3/5/2025 | 2/26/2025 | ||
| 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 | $175 | $0 | ||
| Wet | $95 | $95 | $0 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $178 | $177 | $1 | |
| Indiana | Dry | $165 | $160 | $5 | |
| Iowa | Dry | $162 | $160 | $2 | |
| Michigan | Dry | $165 | $162 | $3 | |
| Minnesota | Dry | $155 | $153 | $2 | |
| New York | Dry | $200 | $199 | $1 | |
| South Dakota | Dry | $170 | $165 | $5 | |
| 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 | $175 | $168 | $7 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $180 | $185 | -$5 | |
| Wet | $80 | $80 | $0 | ||
| Ill Limited Quant | Dry | $185 | $185 | $0 | |
| Nebraska | Dry | $180 | $175 | $5 | |
| Wet | $75 | $75 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $180 | $175 | $5 | |
| Indiana | Dry | $170 | $165 | $5 | |
| Iowa | Dry | $160 | $155 | $5 | |
| Michigan | Dry | $160 | $155 | $5 | |
| Minnesota | Dry | $155 | $150 | $5 | |
| Nebraska | Dry | $170 | $165 | $5 | |
| New York | Dry | $195 | $190 | $5 | |
| North Dakota | Dry | $175 | $170 | $5 | |
| Ohio | Dry | $180 | $175 | $5 | |
| South Dakota | Dry | $170 | $165 | $5 | |
| Wisconsin | Dry | $160 | $155 | $5 | |
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
| FOB Pickett | Dry | $155 | $150 | $5 | |
| Western Kansas | |||||
| Dry | $200 | $190 | $10 | ||
| Wet | $74 | $71 | $3 | ||
| Western Milling | |||||
| California | Dry | $267 | $252 | $15 | |
| **Weekly Average: | $172 | $170 | $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 | 3/5/2026 | $4.5350 | $161.9643 |
| Soybean Meal | 3/5/2026 | $309.30 | |
| DDG Weekly Average Spot Price | 3/5/2026 | $172.00 | |
| DDG Value Relative to: | 3/5 | 2/26 | |
| Corn | 1.062% | 1.073% | |
| Soybean Meal | 55.61% | 52.98% | |
| Cost Per Unit of Protein: | |||
| DDG | $6.37 | 6.30 | |
| Soybean Meal | $6.51 | 6.76 | |
| 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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