Market Matters Blog
DTN Weekly Average DDG Price Rises Again
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
(c) Copyright 2021 DTN, LLC. All rights reserved.
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