Market Matters Blog
DTN Weekly Average DDG Price Firm
OMAHA (DTN) -- The average price for domestic distillers dried grains (DDG) from the 40 locations DTN contacted with spot offers for the week ended Oct. 14 was $165 per ton, up $1 on average from the prior week. DDG prices remain firm as higher soybean prices are causing some feeders to switch out soymeal in rations, adding in DDG, corn gluten feed or other proteins.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Oct. 14 was 116.52%, above the 5-year average of 109%. The value of DDG relative to soybean meal was 45.38%. The cost per unit of protein for DDG was $6.11, compared to the cost per unit of protein for soybean meal at $7.65.
The Energy Information Administration reported for the week ended Oct. 9 domestic ethanol inventories gained as plant production rose for a second week, while blending demand reached the highest level since COVID-19 lockdowns were initiated. Ethanol plant production rose to a 5-week high but 3.5% lower than the corresponding week in 2019. Four-week average output fell 47,000 barrels per day (bpd) against a year ago to 912,000 bpd.
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 | 10/14/2020 | 10/8/2020 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $178 | $178 | $0 | |
| Wet | $89 | $89 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Missouri Subject | Dry | $175 | $172 | $3 | |
| Wet | $82 | $82 | $0 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $175 | $175 | $0 | |
| Indiana | Dry | $165 | $165 | $0 | |
| Iowa | Dry | $163 | $160 | $3 | |
| Michigan | Dry | $160 | $160 | $0 | |
| Minnesota | Dry | $155 | $150 | $5 | |
| North Dakota | Dry | $145 | $145 | $0 | |
| New York | Dry | $190 | $190 | $0 | |
| South Dakota | Dry | $155 | $150 | $5 | |
| MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253) | |||||
| Kansas | Dry | $170 | $170 | $0 | |
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $175 | $175 | $0 | |
| Iowa | Dry | $167 | $167 | $0 | |
| Michigan | Dry | $170 | $170 | $0 | |
| Minnesota | Dry | $165 | $165 | $0 | |
| Missouri | Dry | $180 | $180 | $0 | |
| Ohio | Dry | $175 | $175 | $0 | |
| South Dakota | Dry | $165 | $165 | $0 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $168 | $160 | $8 | |
| Wet | $65 | $65 | $0 | ||
| Illinois | Dry | $178 | $178 | $0 | |
| Nebraska | Dry | $160 | $160 | $0 | |
| Wet | $65 | $65 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $165 | $165 | $0 | |
| Indiana | Dry | $165 | $165 | $0 | |
| Iowa | Dry | $160 | $155 | $5 | |
| Michigan | Dry | $165 | $165 | $0 | |
| Minnesota | Dry | $155 | $155 | $0 | |
| Nebraska | Dry | $165 | $165 | $0 | |
| New York | Dry | $190 | $190 | $0 | |
| North Dakota | Dry | $145 | $140 | $5 | |
| Ohio | Dry | $170 | $170 | $0 | |
| South Dakota | Dry | $155 | $155 | $0 | |
| Wisconsin | Dry | $150 | $150 | $0 | |
| Valero Energy Corp, San Antonio Texas | |||||
| Subject | Indiana | Dry | $173 | $173 | $0 |
| Iowa | Dry | $0 | $0 | $0 | |
| Minnesota | Dry | $0 | $0 | $0 | |
| Nebraska | Dry | $0 | $0 | $0 | |
| Subject | Ohio | Dry | $162 | $162 | $0 |
| South Dakota | Dry | $0 | $0 | $0 | |
| California | Dry | $0 | $0 | $0 | |
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $235 | $240 | -$5 | |
| *Prices listed per ton. | |||||
| Weekly Average | $165 | $164 | $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 | 10/14/2020 | $3.9650 | $141.61 |
| Soybean Meal | 10/14/2020 | $363.60 | |
| DDG Weekly Average Spot Price | $165.00 | ||
| DDG Value Relative to: | 10/15 | 10/8 | |
| Corn | 116.52% | 118.65% | |
| Soybean Meal | 45.38% | 45.65% | |
| Cost Per Unit of Protein: | |||
| DDG | $6.11 | $6.07 | |
| Soybean Meal | $7.65 | $7.56 | |
| 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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