Market Matters Blog
DTN Average Weekly DDG Price Pushes Lower
OMAHA (DTN) -- The average price for domestic distillers dried grains (DDG) from the 39 locations DTN contacted with spot offers for the week ended May 27 was $218 per ton, down $14 from one week ago.
DDG prices dropped lower this week despite the limit-up move in corn Thursday, but DDG prices are following the weakness in corn earlier in the week and the lower soybean meal prices as those markets remain volatile. DDG demand is still fairly good, but buyers are watching prices for now.
Wednesday's Energy Information Administration report showed overall ethanol plant production for the week ended May 21 dropped from a better-than one-year high, down 21,000 barrels per day (bpd) or 2% to 1.011 million bpd while the four-week average output was at 994,000 bpd.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended May 27 was 91.86% versus the three-year average of 110%. The value of DDG relative to soybean meal was 55.85% versus the three-year average of 42%. The cost per unit of protein for DDG was $8.07, compared to the cost per unit of protein for soybean meal at $8.22.
In their weekly DDGS export price update, the U.S. Grains Council said, "On the export front, DDGS prices are lower this week. Barge CIF NOLA prices are $25 per metric ton (mt) lower while FOB Gulf offers are down $35/mt at $270/mt for spot shipment. Prices for 40-foot containers to Southeast Asia are steady as the container market remains exceptionally tight with offers averaging $370/MT this week."
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 | 5/27/2021 | 5/20/2021 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $240 | $250 | -$10 | |
| Wet | $120 | $125 | -$5 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $215 | $230 | -$15 | ||
| Wet | $105 | $115 | -$10 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $210 | $240 | -$30 | |
| Indiana | Dry | $210 | $230 | -$20 | |
| Iowa | Dry | $215 | $230 | -$15 | |
| Michigan | Dry | $210 | $230 | -$20 | |
| Minnesota | Dry | $210 | $225 | -$15 | |
| North Dakota | Dry | $210 | $220 | -$10 | |
| New York | Dry | $235 | $250 | -$15 | |
| South Dakota | Dry | $205 | $220 | -$15 | |
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $220 | $230 | -$10 | |
| Iowa | Dry | $220 | $240 | -$20 | |
| Michigan | Dry | $225 | $240 | -$15 | |
| Minnesota | Dry | $215 | $235 | -$20 | |
| Missouri | Dry | $235 | $255 | -$20 | |
| Ohio | Dry | $220 | $230 | -$10 | |
| South Dakota | Dry | $220 | $240 | -$20 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $245 | $250 | -$5 | |
| Wet | $90 | $90 | $0 | ||
| Illinois | Dry | $230 | $240 | -$10 | |
| Nebraska | Dry | $245 | $250 | -$5 | |
| Wet | $90 | $90 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $220 | $235 | -$15 | |
| Indiana | Dry | $220 | $230 | -$10 | |
| Iowa | Dry | $205 | $220 | -$15 | |
| Michigan | Dry | $220 | $235 | -$15 | |
| Minnesota | Dry | $200 | $215 | -$15 | |
| Nebraska | Dry | $205 | $220 | -$15 | |
| New York | Dry | $270 | $275 | -$5 | |
| North Dakota | Dry | $200 | $220 | -$20 | |
| Ohio | Dry | $210 | $230 | -$20 | |
| South Dakota | Dry | $200 | $225 | -$25 | |
| Wisconsin | Dry | $200 | $220 | -$20 | |
| Valero Energy Corp, San Antonio, Texas | |||||
| Indiana | Dry | $230 | $230 | $0 | |
| Iowa | Dry | $0 | $0 | $0 | |
| Minnesota | Dry | $0 | $0 | $0 | |
| Nebraska | Dry | $0 | $0 | $0 | |
| Ohio | Dry | $235 | $235 | $0 | |
| South Dakota | Dry | $0 | $0 | $0 | |
| California | Dry | $0 | $0 | $0 | |
| Western Milling, Goshen, California (559-302-1074) | |||||
| California SUBJECT | Dry | $300 | $300 | $0 | |
| *Prices listed per ton. | |||||
| Weekly Average | $218 | $232 | -$14 | ||
| 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 | 5/27/2021 | $6.6450 | $237.32 |
| Soybean Meal | 5/27/2021 | $390.30 | |
| DDG Weekly Average Spot Price | $218.00 | ||
| DDG Value Relative to: | 5/27 | 5/20 | |
| Corn | 91.86% | 97.76% | |
| Soybean Meal | 55.85% | 57.84% | |
| Cost Per Unit of Protein: | |||
| DDG | $8.07 | $8.59 | |
| Soybean Meal | $8.22 | $8.44 | |
| 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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