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. 9 was $188 per ton, up $3 per ton on average versus one week ago. DDG prices were mostly steady to higher but if production continues to increase at plants, prices may come under pressure for the rest of this year as most buyers are reported to have their needs met for December.
Wednesday's Energy Information Administration (EIA) report showed overall ethanol production increased 55,000 barrels per day (bpd) to 1.090 million bpd last week, 10% above the same week in 2020. Midwest PADD 2 plant production rose 52,000 bpd or 5.3% to a five-week high 1.030 million bpd as of Dec. 3, 9.5% 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. 9 was 89.45%. The value of DDG relative to soybean meal was 50.98% and the cost per unit of protein for DDG was $6.96, compared to the cost per unit of protein for soybean meal at $7.76.
In its weekly DDGS export price update, the U.S. Grains Council said: "Brokers and exporters again report that DDGS demand is quiet on the export market with rumors of GRIs (General Rate Increase) adding volatility to the market. The consensus now is that sellers have escaped the GRIs but offers have yet to decline in response. Barge CIF NOLA values are steady/down $2/MT this week while FOB NOLA offers are steady. U.S. rail rate are up $2 to $5/MT while 40-foot containers to Southeast Asia are up $1/MT at $355/MT. Notably, offers for containerized DDGS to Vietnam and Taiwan are down $7/MT this week while other destinations (e.g., Malaysia and Thailand) are $3 to $6/MT higher."
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 | 12/9/2021 | 12/2/2021 | ||||||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||||||
| Missouri | Dry | $210 | $208 | $2 | |||||
| Wet | $105 | $104 | $1 | ||||||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||||||
| Dry | $210 | $210 | $0 | ||||||
| Wet | $110 | $110 | $0 | ||||||
| CHS, Minneapolis, MN (800-769-1066) | |||||||||
| Illinois | Dry | $190 | $195 | -$5 | |||||
| Indiana | Dry | $165 | $160 | $5 | |||||
| Iowa | Dry | $170 | $170 | $0 | |||||
| Michigan | Dry | $160 | $150 | $10 | |||||
| Minnesota | Dry | $175 | $170 | $5 | |||||
| North Dakota | Dry | $205 | $180 | $25 | |||||
| New York | Dry | $185 | $180 | $5 | |||||
| South Dakota | Dry | $190 | $180 | $10 | |||||
| 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 | $215 | $190 | $25 | |||||
| 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 | $170 | $0 | |||||
| Minnesota | Dry | $165 | $165 | $0 | |||||
| Nebraska | Dry | $195 | $195 | $0 | |||||
| New York | Dry | $200 | $200 | $0 | |||||
| North Dakota | Dry | $220 | $220 | $0 | |||||
| Ohio | Dry | $165 | $165 | $0 | |||||
| South Dakota | Dry | $197 | $190 | $7 | |||||
| Wisconsin | Dry | $170 | $170 | $0 | |||||
| Western Kansas | Dry | $255 | $255 | $0 | |||||
| Wet | $95 | $95 | 0 | ||||||
| Central Kansas | Dry | $255 | $245 | 10 | |||||
| Wet | $90 | $87 | 3 | ||||||
| Western Milling, Goshen, California (559-302-1074) | |||||||||
| California | Dry | $293 | $293 | $0 | |||||
| *Prices listed per ton. | $188 | $185 | $3 | ||||||
| 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 | 12/9/2021 | $5.8850 | $210.18 | ||||||
| Soybean Meal | 12/9/2021 | $368.80 | |||||||
| DDG Weekly Average Spot Price | $188.00 | ||||||||
| DDG Value Relative to: | 12/9 | 12/2 | |||||||
| Corn | 89.45% | 89.77% | |||||||
| Soybean Meal | 50.98% | 51.67% | |||||||
| Cost Per Unit of Protein: | |||||||||
| DDG | $6.96 | $6.85 | |||||||
| Soybean Meal | $7.76 | $7.54 | |||||||
| 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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