Market Matters Blog

DTN Weekly Average DDG Price Steady

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DTN's domestic distillers dried grains weekly average spot price from available offers was unchanged for the week ended July 23. (DTN file photo)

OMAHA (DTN) -- Of the 40 locations DTN contacted with spot offers for domestic distillers dried grains (DDG) for the week ended July 23, prices were mixed again, but steady on average at $128 per ton versus the prior week. The DTN National Corn Index was only 2 cents lower versus one week ago and the DTN national average basis was unchanged, so DDG prices weren't pressured as much by lower corn prices as they had been the prior week.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended July 23 was 109.27%. The value of DDG relative to soybean meal was 44.08%. The cost per unit of protein for DDG was $4.74, compared to the cost per unit of protein for soybean meal at $6.11.

In their weekly export DDGS update, the U.S. Grains Council said, "Barge CIF NOLA values are steady to $4 metric ton (mt) higher and rates for DDGS delivered via railcar to U.S. locations range from $3 lower to $6 mt higher. FOB Gulf values are $4 mt higher for August shipment and up $3 for September/October. Finally, offers for 40-foot containers to Southeast Asia are down $1 to $2 mt, averaging $234 mt for spot shipment."

The Energy Information Administration said for the week ended July 17, ethanol plant production slid 23,000 barrels per day (bpd) to 908,000 bpd, down 131,000 bpd or 12.6% against a year ago. Four-week average output is down 145,000 bpd against a year ago at 913,000 bpd.

NOTE: All prices listed below can change at any time and are subject to confirmation from seller.

ALL PRICES SUBJECT TO CONFIRMATIONCURRENTCURRENTCHANGE
COMPANYSTATE 7/23/20207/16/2020
Bartlett and Company, Kansas City, MO (816-753-6300)(816 714 3413)
MissouriDry$135$134$1
Wet$68$67$1
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Missouri Dry$130$130$0
Wet$70$70$0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry$140$140$0
Indiana Dry$130$130$0
Iowa Dry$120$120$0
Michigan Dry$130$135-$5
MinnesotaDry$115$115$0
North DakotaDry$115$115$0
New YorkDry$135$135$0
South DakotaDry$105$105$0
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
Kansas Dry$125$125$0
POET Nutrition, Sioux Falls, SD (888-327-8799)
IndianaDry$140$140$0
Iowa Dry$120$120$0
MichiganDry$130$130$0
MinnesotaDry$120$120$0
Missouri Dry$145$145$0
Ohio Dry$140$140$0
South DakotaDry$125$125$0
United BioEnergy, Wichita, KS (316-616-3521)
KansasDry$130$130$0
Wet$40$40$0
Illinois Dry$142$142$0
NebraskaDry$130$130$0
Wet$40$40$0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry$135$135$0
Indiana Dry$135$140-$5
Iowa Dry$120$120$0
Michigan Dry$130$135-$5
MinnesotaDry$120$120$0
Nebraska Dry$110$105$5
New York Dry$150$155-$5
North DakotaDry$115$110$5
Ohio Dry$135$140-$5
South DakotaDry$100$100$0
WisconsinDry$130$130$0
Valero Energy Corp, San Antonio Texas
IndianaDry$148$154-$6
Iowa Dry$0$0$0
Minnesota Dry$0$0$0
Nebraska Dry$0$0$0
Ohio Dry$140$145-$5
South Dakota Dry$0$0$0
CaliforniaDry$0$0$0
Western Milling, Goshen, California (559-302-1074)
CaliforniaDry$201$198$3
*Prices listed per ton.
Weekly Average $128$128$0
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 DateBushelShort Ton
Corn7/23/2020$3.2800$117.14
Soybean Meal7/23/2020 $290.40
DDG Weekly Average Spot Price $128.00
DDG Value Relative to:7/237/16
Corn109.27%108.52%
Soybean Meal44.08%44.60%
Cost Per Unit of Protein:
DDG$4.74$4.74
Soybean Meal$6.11$6.04
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

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