Market Matters Blog

DTN Weekly Average DDG Price Unchanged

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 30. (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 30, prices were at $128 per ton, unchanged on average versus the prior week. The DTN National Corn Index was 13 cents lower versus one week ago, and the national average basis was unchanged, but DDG prices remained steady this week.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended July 30 was 113.51% and above the five-year average of 109%. The value of DDG relative to soybean meal was 44.17%. The cost per unit of protein for DDG was $4.74, compared to the cost per unit of protein for soybean meal at $6.10.

In its weekly export DDGS update, the U.S. Grains Council said, "Offers for DDGS on the export market are mostly higher this week with Barge CIF NOLA values up $4 to $5 per metric tons (mt) and FOB Gulf offers rising $1/mt for spot shipment. Merchandisers report that international demand is picking up following a minor seasonal slowdown in July. Offers for DDGS CNF Southeast Asia are $1/mt higher for August and September shipment this week and are up $5/mt for October/November. The average offer for 40-foot containers to Southeast Asia is $234/mt this week."

The Energy Information Administration said U.S. ethanol inventory rose 2.5% in the week ended July 24 from a more than 3 1/2-year low in the week prior, as production rose over 5% to the highest level since the week ended March 20, with demand rising at a slower pace than in recent weeks.

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

ALL PRICES SUBJECT TO CONFIRMATIONCURRENTPREVIOUSCHANGE
COMPANYSTATE 7/30/20207/23/2020
Bartlett and Company, Kansas City, MO (816-753-6300)(816 714 3413)
MissouriDry$138$135$3
Wet$70$68$2
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Missouri Dry$135$130$5
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$130$0
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$140$142-$2
NebraskaDry$130$130$0
Wet$40$40$0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry$135$135$0
Indiana Dry$135$135$0
Iowa Dry$120$120$0
Michigan Dry$130$130$0
MinnesotaDry$120$120$0
Nebraska Dry$115$110$5
New York Dry$150$150$0
North DakotaDry$115$115$0
Ohio Dry$135$135$0
South DakotaDry$105$100$5
WisconsinDry$130$130$0
Valero Energy Corp, San Antonio Texas
IndianaDry$153$148$5
Iowa Dry$0$0$0
Minnesota Dry$0$0$0
Nebraska Dry$0$0$0
Ohio Dry$143$140$3
South Dakota Dry$0$0$0
CaliforniaDry$0$0$0
Western Milling, Goshen, California (559-302-1074)
CaliforniaDry$201$201$0
*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
Corn7/30/2020$3.1575$112.77
Soybean Meal7/30/2020 $289.80
DDG Weekly Average Spot Price $128.00
DDG Value Relative to:7/307/23
Corn113.51%109.27%
Soybean Meal44.17%44.08%
Cost Per Unit of Protein:
DDG$4.74$4.74
Soybean Meal$6.10$6.11
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.

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