Market Matters Blog
DTN Weekly Average DDG Price Pushes Higher
OMAHA (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 34 locations reporting for the week ended Jan. 6 was $207 per ton, up $8 per ton on average versus one week ago. DDG prices continue to push higher as soybean meal remains expensive, sending feeders to the DDG market.
Wednesday's Energy Information Administration (EIA) report showed overall U.S. ethanol plant production fell 11,000 barrels per day (bpd) to 1.048 million bpd during the week ended Dec. 31 and averaged 1.061 million bpd over the most recent four weeks.
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Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Jan. 6 was 96.00%. The value of DDG relative to soybean meal was 49.24% and the cost per unit of protein for DDG was $7.67, compared to the cost per unit of protein for soybean meal at $8.85.
In their weekly DDGS update, the U.S. Grains Council said, "DDGS markets are returning from the holidays with mixed pricing directions. Barge CIF NOLA and FOB U.S. Gulf offers are down $1 to $2 metric ton (mt) for January/early February shipment but are higher for deferred positions. Barge rates for late February and March are up $6 and $4/mt, respectively, while FOB Gulf offers are essentially steady for those positions. Offers for 40-foot containers to Southeast Asia are generally $3 lower, though values to Indonesia are up $8 to $9, product into Myanmar is up $3 to $4, while containers to Thailand are down $15 to $20/mt. The average price for containerized DDGS to Southeast Asia reached $360/mt this week."
U.S. Census Bureau reported Thursday that U.S. exports of DDGS totaled 1,019,430 mt in November, up from 1,058,697 mt in October and up 11% from a year ago. Mexico was the top destination in November, taking 30% of U.S. exports and was followed by Vietnam and South Korea. With one month remaining in 2021, U.S. exports of DDGS are up 6% from a year ago.
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 | 1/6/2022 | 12/29/2021 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $225 | $220 | $5 | |
| Wet | $120 | $115 | $5 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $235 | $225 | $10 | ||
| Wet | $130 | $125 | $5 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $200 | $200 | $0 | |
| Indiana | Dry | $195 | $190 | $5 | |
| Iowa | Dry | $192 | $185 | $7 | |
| Michigan | Dry | $185 | $180 | $5 | |
| Minnesota | Dry | $183 | $180 | $3 | |
| New York | Dry | $195 | $195 | $0 | |
| South Dakota | Dry | $205 | $195 | $10 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | $220 | $218 | $2 | ||
| Wet | $73 | $73 | $0 | ||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $195 | $190 | $5 | |
| Iowa | Dry | $230 | $195 | $35 | |
| Michigan | Dry | $195 | $195 | $0 | |
| Minnesota | Dry | $230 | $195 | $35 | |
| Missouri | Dry | $230 | $215 | $15 | |
| Ohio | Dry | $195 | $190 | $5 | |
| South Dakota | Dry | $230 | $205 | $25 | |
| Nebraska | Dry | $230 | $220 | $10 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $225 | $225 | $0 | |
| Wet | $85 | $85 | $0 | ||
| Illinois | Dry | $205 | $205 | $0 | |
| Nebraska | Dry | $225 | $225 | $0 | |
| Wet | $85 | $85 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $200 | $195 | $5 | |
| Indiana | Dry | $195 | $190 | $5 | |
| Iowa | Dry | $190 | $180 | $10 | |
| Michigan | Dry | $190 | $180 | $10 | |
| Minnesota | Dry | $185 | $175 | $10 | |
| Nebraska | Dry | $220 | $220 | $0 | |
| New York | Dry | $210 | $210 | $0 | |
| North Dakota | Dry | $225 | $222 | $3 | |
| Ohio | Dry | $190 | $185 | $5 | |
| South Dakota | Dry | $200 | $195 | $5 | |
| Wisconsin | Dry | $187 | $187 | $0 | |
| Western Kansas | Dry | $255 | $255 | $0 | |
| Wet | $100 | $100 | 0 | ||
| Central Kansas | Dry | $255 | $255 | 0 | |
| Wet | $90 | $90 | 0 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $300 | $305 | -$5 | |
| **Weekly Average: | $207 | $199 | $8 | ||
| (Prices listed per ton) | |||||
| **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 | 1/6/2022 | $6.0375 | $215.63 |
| Soybean Meal | 1/6/2022 | $420.40 | |
| DDG Weekly Average Spot Price | $207.00 | ||
| DDG Value Relative to: | 1/6 | 12/29 | |
| Corn | 96.00% | 92.02% | |
| Soybean Meal | 49.24% | 47.91% | |
| Cost Per Unit of Protein: | |||
| DDG | $7.67 | $7.37 | |
| Soybean Meal | $8.85 | $8.75 | |
| 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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