Market Matters Blog

DTN Weekly Average DDG Price Slightly Lower

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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The DTN domestic distillers dried grains weekly spot price was down $1 on average at $147 per ton for the week ended Feb. 6. (DTN file photo)

OMAHA (DTN) -- The domestic distillers dried grains (DDG) weekly spot price from the 40 locations DTN contacted was down $1 on average at $147 per ton for the week ended Feb. 6. Prices are mixed again this week, and with the lack of extreme cold weather in much of the Midwest, demand has slowed.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Feb. 6 was at 108.53%. The value of DDG relative to soybean meal was at 51.00%. The cost per unit of protein for DDG was $5.44, compared to the cost per unit of protein for soybean meal at $6.07.

In its weekly DDGS export update the U.S. Grains Council noted, DDGS markets were mixed this week with Barge CIF NOLA and FOB NOLA offers softening slightly while U.S. rail rates are up $1 to $4 per metric ton (mt). Demand from buyers in Asia is increasing with noted strength in prices for 40-foot containers to certain destinations. In particular, values for DDGS to Thailand are up $10/mt for March and April shipment while offers for product to Vietnam are up $4 to $6/mt. On average, DDGS containers to Southeast Asia are up $3 to $4/mt for March and April shipment, with prices averaging $247/mt."

The U.S. Census Bureau said Wednesday that U.S. exports of DDGS totaled 767,682 mt in December, down from 911,569 mt in November and down 12% from a year ago. Mexico was the top destination in December, taking 19% and followed by South Korea, Indonesia and Vietnam. For all of 2019, U.S. exports of DDGS were down 9% from a year ago.

* CIF (cost, insurance and freight paid by seller) NOLA (New Orleans)

* FOB (free on board means buyer pays costs of ocean freight,

insurance, unloading, and transportation from originating port)

ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 1/6/2020 1/30/2020
Bartlett and Company, Kansas City, MO (816-753-6300)
Missouri Dry $155 $160 -$5
Wet $78 $80 -$2
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Missouri Dry $150 $155 -$5
Wet $78 $80 -$2
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $155 $150 $5
Indiana Dry $150 $145 $5
Iowa Dry $135 $135 $0
Michigan Dry $145 $140 $5
Minnesota Dry $135 $135 $0
North Dakota Dry $140 $140 $0
New York Dry $150 $150 $0
South Dakota Dry $135 $135 $0
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
Kansas Dry $148 $148 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $155 $155 $0
Iowa Dry $142 $144 -$2
Michigan Dry $150 $150 $0
Minnesota Dry $140 $140 $0
Missouri Dry $155 $158 -$3
Ohio Dry $160 $160 $0
South Dakota Dry $152 $152 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $150 $155 -$5
Wet $55 $60 -$5
Illinois FEB Dry $162 $162 $0
Nebraska Dry $150 $155 -$5
Wet $50 $65 -$15
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $152 $150 $2
Indiana Dry $155 $155 $0
Iowa Dry $140 $140 $0
Michigan Dry $150 $150 $0
Minnesota Dry $140 $140 $0
Nebraska Dry $135 $140 -$5
New York Dry $160 $160 $0
North Dakota Dry $145 $150 -$5
Ohio Dry $160 $160 $0
South Dakota Dry $140 $140 $0
Wisconsin Dry $143 $143 $0
Valero Energy Corp, San Antonio Texas
Indiana Dry $150 $150 $0
Iowa Dry $140 $140 $0
Minnesota Dry $140 $140 $0
Nebraska Dry $145 $145 $0
Ohio Dry $160 $160 $0
South Dakota Dry $140 $140 $0
California Dry $204 $204 $0
Western Milling, Goshen, California (559-302-1074)
California Dry $212 $212 $0
*Prices listed per ton.
Weekly Average $147 $148 -$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.

**

Settlement Price: Quote Date Bushel Short Ton
Corn 2/6/2020 $3.7925 $135.45
Soybean Meal 2/6/2020 $288.20
DDG Weekly Average Spot Price $147.00
DDG Value Relative to: 2/6 1/30
Corn 108.53% 109.20%
Soybean Meal 51.00% 50.77%
Cost Per Unit of Protein:
DDG $5.44 $5.48
Soybean Meal $6.07 $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

(BAS/CZ)

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