Market Matters Blog
DTN Weekly DDG Price Higher on Average
OMAHA (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Dec. 2 was $185 per ton, up $1 per ton on average from two weeks ago. DDG prices were mixed but firm even as soybean meal prices have been volatile the past week. Also supportive to DDG has been good demand in the domestic market.
Wednesday's Energy Information Administration (EIA) report showed overall ethanol production fell 44,000 barrels per day (bpd) to a seven-week low 1.035 million bpd as of Nov. 26, 6.3% above the same week in 2020. Midwest PADD 2 plant production dropped 46,000 bpd last week to 978,000 bpd, 5.6% higher than output during the corresponding week last year.
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Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Dec. 2 was 89.77%. The value of DDG relative to soybean meal was 51.67% and the cost per unit of protein for DDG was $6.85, compared to the cost per unit of protein for soybean meal at $7.54.
In its weekly DDGS export price update, the U.S. Grains Council said: "Brokers and exporters report that DDGS demand is quiet on the export market following the U.S. Thanksgiving holiday. Barge CIF NOLA prices are down $10 metric ton (mt) since the last Market Perspectives report while FOB NOLA offers are down $3 to $4/mt for Q1 2022 positions. U.S. rail rates are similarly down $3 to $5/mt from two weeks ago while offers for 40-foot containers to Southeast Asia are steady/$3 lower at $354/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 | CURRENT | CHANGE | ||
| COMPANY | STATE | 12/2/2021 | 11/18/2021 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $208 | $208 | $0 | |
| Wet | $104 | $104 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $210 | $205 | $5 | ||
| Wet | $110 | $105 | $5 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $195 | $195 | $0 | |
| Indiana | Dry | $160 | $155 | $5 | |
| Iowa | Dry | $170 | $170 | $0 | |
| Michigan | Dry | $150 | $150 | $0 | |
| Minnesota | Dry | $170 | $175 | -$5 | |
| North Dakota | Dry | $180 | $180 | $0 | |
| New York | Dry | $180 | $185 | -$5 | |
| South Dakota | Dry | $180 | $180 | $0 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | |||||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $185 | $185 | $0 | |
| Iowa | Dry | $175 | $175 | $0 | |
| Michigan | Dry | $185 | $185 | $0 | |
| Minnesota | Dry | $180 | $180 | $0 | |
| Missouri | Dry | $205 | $205 | $0 | |
| Ohio | Dry | $185 | $185 | $0 | |
| South Dakota | Dry | $186 | $186 | $0 | |
| Nebraska | Dry | $190 | $190 | $0 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $220 | $220 | $0 | |
| Wet | $80 | $80 | $0 | ||
| Illinois | Dry | $205 | $205 | $0 | |
| Nebraska | Dry | $220 | $220 | $0 | |
| Wet | $80 | $80 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $175 | $175 | $0 | |
| Indiana | Dry | $170 | $170 | $0 | |
| Iowa | Dry | $170 | $170 | $0 | |
| Michigan | Dry | $170 | $180 | -$10 | |
| Minnesota | Dry | $165 | $165 | $0 | |
| Nebraska | Dry | $195 | $190 | $5 | |
| New York | Dry | $200 | $200 | $0 | |
| North Dakota | Dry | $220 | $198 | $22 | |
| Ohio | Dry | $165 | $165 | $0 | |
| South Dakota | Dry | $190 | $185 | $5 | |
| Wisconsin | Dry | $170 | $170 | $0 | |
| Western Kansas | Dry | $255 | $267 | -$12 | |
| Wet | $95 | $100 | -5 | ||
| Central Kansas | Dry | $245 | $240 | 5 | |
| Wet | $87 | $85 | 2 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $293 | $292 | $1 | |
| *Prices listed per ton. | $185 | $184 | $1 | ||
| Weekly Average: | |||||
| 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 | 12/2/2021 | $5.7700 | $206.07 |
| Soybean Meal | 12/2/2021 | $358.00 | |
| DDG Weekly Average Spot Price | $185.00 | ||
| DDG Value Relative to: | 12/2 | 11/18 | |
| Corn | 89.77% | 89.91% | |
| Soybean Meal | 51.67% | 49.68% | |
| Cost Per Unit of Protein: | |||
| DDG | $6.85 | $6.81 | |
| Soybean Meal | $7.54 | $7.80 | |
| 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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