Market Matters Blog
DTN Weekly Average DDG Price Higher
OMAHA (DTN) -- Of the 40 locations DTN contacted that showed offers for domestic distillers dried grains (DDG) for the week ended July 1, posted offers were mixed but slightly higher on average at $131 per ton, up $1 versus the prior week.
DDG prices were mixed, but many plants posted higher prices for the first time in over a month. The cash price of corn surged higher after the bullish USDA report on March 30, with the DTN National Corn Index up 23 cents versus one week ago, adding strength not only to DDG prices, but to other corn byproduct and coproduct feed prices as well. DDGS prices for export have also moved higher the past week, signaling an uptick in export demand. CIF NOLA DDGS prices are up $8 to $12 per ton versus one week ago.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended July 1 was 105.33%. The value of DDG relative to soybean meal was 44.76%. The cost per unit of protein for DDG was $4.85, compared to the cost per unit of protein for soybean meal at $6.16.
Wednesday's Energy Information Administration ethanol report noted that for the week ended June 26, ethanol plant production was up 7,000 barrels per day to 900,000 barrels per day versus the week prior. Ethanol inventory in the United States was drawn down for the 10th consecutive week, falling 870,000 barrels (bbl) to 20.164 million bbl, the lowest level since the first week of January 2017.
NOTE: All prices listed below can change at any time and are subject to confirmation from seller.
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||
| COMPANY | STATE | 7/1/2020 | 6/25/2020 | ||
| Bartlett and Company, Kansas City, MO (816-753-6300) | |||||
| Missouri | Dry | $140 | $150 | -$10 | |
| Wet | $70 | $75 | -$5 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Missouri | Dry | $140 | $130 | $10 | |
| Wet | $75 | $75 | $0 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $145 | $130 | $15 | |
| Indiana | Dry | $148 | $128 | $20 | |
| Iowa | Dry | $125 | $120 | $5 | |
| Michigan | Dry | $140 | $138 | $2 | |
| Minnesota | Dry | $125 | $120 | $5 | |
| North Dakota | Dry | $125 | $125 | $0 | |
| New York | Dry | $150 | $145 | $5 | |
| South Dakota | Dry | $115 | $110 | $5 | |
| MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253) | |||||
| Kansas | Dry | $120 | $125 | -$5 | |
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $135 | $135 | $0 | |
| Iowa | Dry | $125 | $130 | -$5 | |
| Michigan | Dry | $135 | $135 | $0 | |
| Minnesota | Dry | $130 | $130 | $0 | |
| Missouri | Dry | $145 | $147 | -$2 | |
| Ohio | Dry | $135 | $135 | $0 | |
| South Dakota | Dry | $127 | $135 | -$8 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $130 | $130 | $0 | |
| Wet | $40 | $40 | $0 | ||
| Illinois | Dry | $142 | $141 | $1 | |
| Nebraska | Dry | $130 | $130 | $0 | |
| Wet | $40 | $40 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $135 | $135 | $0 | |
| Indiana | Dry | $140 | $140 | $0 | |
| Iowa | Dry | $120 | $120 | $0 | |
| Michigan | Dry | $135 | $135 | $0 | |
| Minnesota | Dry | $120 | $120 | $0 | |
| Nebraska | Dry | $105 | $105 | $0 | |
| New York | Dry | $155 | $155 | $0 | |
| North Dakota | Dry | $110 | $110 | $0 | |
| Ohio | Dry | $140 | $140 | $0 | |
| South Dakota | Dry | $100 | $100 | $0 | |
| Wisconsin | Dry | $130 | $130 | $0 | |
| Valero Energy Corp, San Antonio Texas | |||||
| Indiana | Dry | $154 | $150 | $4 | |
| Iowa | Dry | $0 | $0 | $0 | |
| Minnesota | Dry | $0 | $0 | $0 | |
| Nebraska | Dry | $0 | $0 | $0 | |
| Ohio | Dry | $145 | $140 | $5 | |
| South Dakota | Dry | $0 | $0 | $0 | |
| California | Dry | $0 | $0 | $0 | |
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $202 | $200 | $2 | |
| *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 | 7/1/2020 | $3.4825 | $124.38 |
| Soybean Meal | 7/1/2020 | $292.70 | |
| DDG Weekly Average Spot Price | $131.00 | ||
| DDG Value Relative to: | 7/1 | 6/25 | |
| Corn | 105.33% | 114.73% | |
| Soybean Meal | 44.76% | 45.53% | |
| Cost Per Unit of Protein: | |||
| DDG | $4.85 | $4.81 | |
| Soybean Meal | $6.16 | $6.01 | |
| 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
© (c) Copyright 2020 DTN, LLC. All rights reserved.
Comments
To comment, please Log In or Join our Community .