Market Matters Blog
DTN Weekly Average DDG Price Higher
OMAHA (DTN) -- The domestic distillers dried grains (DDG) weekly average spot price from the 40 locations DTN contacted was up $1 at $131 per ton, for the week ended Aug. 22. The market is firming as prices are turning higher on reduced ethanol plant runtimes causing tight supplies in some regions.
The Energy Information Administration reported at midweek that ethanol plant production dropped to the lowest level in 18 weeks for the week ended Aug. 15. Ethanol stocks decreased 516,000 barrels, 0.4% above than the same week in 2018.
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Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Aug. 22 was at 100.97% versus the three-year average of 106%. The value of DDG relative to soybean meal was at 44.60%. The cost per unit of protein for DDG was $4.85, compared to the cost per unit of protein for soybean meal at $6.18.
In its weekly export DDGS update, the U.S. Grains Council stated, "International inquiries are active, especially from Vietnam, but exporters report slow sales. Barge CIF NOLA values are steady this week while FOB Gulf offers have fallen $6/metric ton (mt) for September shipment. Rail rates are $2-3/mt higher while prices for 40-foot containers are steady this week."
ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||
COMPANY | STATE | 8/22/2019 | 8/15/2019 | ||
Bartlett and Company, Kansas City, MO (816-753-6300) | |||||
Missouri | Dry | $145 | $150 | -$5 | |
Wet | $73 | $75 | -$2 | ||
Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
Missouri Subject | Dry | $135 | $135 | $0 | |
Wet | $70 | $70 | $0 | ||
CHS, Minneapolis, MN (800-769-1066) | |||||
Illinois | Dry | $135 | $135 | $0 | |
Indiana | Dry | $135 | $130 | $5 | |
Iowa | Dry | $120 | $115 | $5 | |
Michigan | Dry | $140 | $140 | $0 | |
Minnesota | Dry | $120 | $115 | $5 | |
North Dakota | Dry | $120 | $120 | $0 | |
New York | Dry | $135 | $135 | $0 | |
South Dakota | Dry | $115 | $115 | $0 | |
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253) | |||||
Kansas | Dry | $130 | $130 | $0 | |
POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
Indiana | Dry | $135 | $135 | $0 | |
Iowa | Dry | $130 | $130 | $0 | |
Michigan | Dry | $120 | $120 | $0 | |
Minnesota | Dry | $130 | $125 | $5 | |
Missouri | Dry | $145 | $140 | $5 | |
Ohio | Dry | $135 | $135 | $0 | |
South Dakota | Dry | $125 | $135 | -$10 | |
United BioEnergy, Wichita, KS (316-616-3521) | |||||
Kansas | Dry | $135 | $135 | $0 | |
Wet | $40 | $40 | $0 | ||
Illinois | Dry | $140 | $135 | $5 | |
Nebraska | Dry | $135 | $135 | $0 | |
Wet | $40 | $40 | $0 | ||
U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
Illinois | Dry | $135 | $130 | $5 | |
Indiana | Dry | $135 | $135 | $0 | |
Iowa | Dry | $125 | $125 | $0 | |
Michigan | Dry | $130 | $130 | $0 | |
Minnesota | Dry | $120 | $120 | $0 | |
Nebraska | Dry | $130 | $122 | $8 | |
New York | Dry | $150 | $150 | $0 | |
North Dakota | Dry | $135 | $130 | $5 | |
Ohio | Dry | $150 | $150 | $0 | |
South Dakota | Dry | $125 | $125 | $0 | |
Wisconsin | Dry | $130 | $130 | $0 | |
Valero Energy Corp, San Antonio Texas | (210-345-3362) | (210-345-3362) | |||
Indiana | Dry | $130 | $130 | $0 | |
Iowa | Dry | $125 | $125 | $0 | |
Minnesota | Dry | $120 | $120 | $0 | |
Nebraska | Dry | $135 | $135 | $0 | |
Ohio | Dry | $135 | $135 | $0 | |
South Dakota | Dry | $128 | $128 | $0 | |
California | Dry | $183 | $178 | $5 | |
Western Milling, Goshen, California (559-302-1074) | |||||
SUBJECT | California | Dry | $188 | $188 | $0 |
*Prices listed per ton. | |||||
Weekly Average | $131 | $130 | $1 | ||
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 | 8/22/2019 | $3.6325 | $129.73 |
Soybean Meal | 8/22/2019 | $293.70 | |
DDG Weekly Average Spot Price | $131.00 | ||
DDG Value Relative to: | 8/22 | 8/15 | |
Corn | 100.97% | 100.90% | |
Soybean Meal | 44.60% | 44.51% | |
Cost Per Unit of Protein: | |||
DDG | $4.85 | $4.81 | |
Soybean Meal | $6.18 | $6.14 | |
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
(CZ)
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