Market Matters Blog

DTN Weekly Average DDG Price Rises Again

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DTN's weekly spot price for domestic distillers dried grains during the week ended Dec. 22 was up $3 on average versus one week ago. (DTN file photo)

OMAHA (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 34 locations reporting for the week ended Dec. 22 was $193 per ton, up $3 per ton on average versus one week ago.

DDG prices were higher on average this holiday week as corn prices have been on the rise and soybean meal prices continue to surge. Meal prices Wednesday reached their highest in nearly six months and that rise is still due in part to the synthetic lysine shortage. DTN wrote about it in late November and the impact it has on meal. https://www.dtnpf.com/…

Wednesday's Energy Information Administration (EIA) report showed overall ethanol production declined a second week, falling 36,000 barrels per day (bpd) to 1.051 million bpd, about 8% above the same week in 2020. Midwest PADD 2 plant production also continued lower, sliding 34,000 bpd to 991,000 bpd as of Dec. 17, 6.7% above output during the corresponding week last year.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Dec. 22 was 89.68%. The value of DDG relative to soybean meal was 47.91% and the cost per unit of protein for DDG was $7.15, compared to the cost per unit of protein for soybean meal at $8.48.

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 12/22/2021 12/16/2021
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $216 $210 $6
Wet $110 $105 $5
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $220 $220 $0
Wet $120 $120 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $200 $190 $10
Indiana Dry $180 $170 $10
Iowa Dry $180 $170 $10
Michigan Dry $175 $165 $10
Minnesota Dry $180 $170 $10
New York Dry $195 $185 $10
South Dakota Dry $195 $190 $5
MGP Ingredients, Atchison, KS (800-255-0302)
Dry $215 $210 $5
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $185 $185 $0
Iowa Dry $180 $180 $0
Michigan Dry $190 $175 $15
Minnesota Dry $175 $175 $0
Missouri Dry $210 $208 $2
Ohio Dry $185 $185 $0
South Dakota Dry $195 $186 $9
Nebraska Dry $220 $215 $5
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $220 $220 $0
Wet $80 $80 $0
Illinois Dry $200 $205 -$5
Nebraska Dry $220 $220 $0
Wet $80 $80 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $185 $185 $0
Indiana Dry $180 $180 $0
Iowa Dry $170 $170 $0
Michigan Dry $170 $170 $0
Minnesota Dry $165 $165 $0
Nebraska Dry $205 $205 $0
New York Dry $200 $200 $0
North Dakota Dry $220 $220 $0
Ohio Dry $175 $175 $0
South Dakota Dry $190 $190 $0
Wisconsin Dry $178 $178 $0
Western Kansas Dry $255 $255 $0
Wet $95 $95 0
Central Kansas Dry $255 $255 0
Wet $90 $90 0
Western Milling, Goshen, California (559-302-1074)
California Dry $303 $293 $10
*Prices listed per ton. $193 $190 $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 12/22/2021 $6.0250 $215.18
Soybean Meal 12/22/2021 $402.80
DDG Weekly Average Spot Price $193.00
DDG Value Relative to: 12/22 12/16
Corn 89.68% 89.98%
Soybean Meal 47.91% 51.03%
Cost Per Unit of Protein:
DDG $7.15 $7.04
Soybean Meal $8.48 $7.84
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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