Market Matters Blog
DTN Weekly Average DDG Price Continues to Climb
OMAHA (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 34 locations reporting for the week ended Jan. 27 was $215 per ton, up $3 per ton versus one week ago. DDG prices have been moving higher during the month of January, fueled by strong soybean meal prices and strong demand from feeders.
Wednesday's Energy Information Administration (EIA) report showed U.S. ethanol production fell 18,000 barrels per day (bpd) as of Jan. 21 to 1.035 million bpd, but remained above 1 million bpd for a 16th consecutive week. Output in the week profiled was 11% more than the same time in 2021.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Jan. 27 was 96.28%. The value of DDG relative to soybean meal was 53.13%, and the cost per unit of protein for DDG was $7.96, compared to the cost per unit of protein for soybean meal at $8.52.
In their weekly DDGS update, the U.S. Grains Council said, "Persistent cold weather and logistical difficulties continue to support rail and barge markets. U.S. rail rates are up $4 to $5 metric ton (mt) this week with rates to Laredo, Texas, seeing the largest increase ($7/mt) for spot positions. The Barge CIF NOLA market is similarly higher, up $6/mt for spot and up $7/mt for March positions, while FOB Gulf offers are up $4 to $5/mt. Prices for DDGS containers to Southeast Asia continue to grind higher, rising $3 to $5/mt for February through April positions. International buyers continue to show steady interest in U.S. product with recent declines in freight values helping bolster inquiries and purchases. Prices for 40-foot containers into Southeast Asia are averaging $368/mt so far 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 | PREVIOUS | CHANGE | ||
| COMPANY | STATE | 1/27/2022 | 1/21/2022 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $240 | $240 | $0 | |
| Wet | $125 | $125 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $245 | $235 | $10 | ||
| Wet | $130 | $130 | $0 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $205 | $205 | $0 | |
| Indiana | Dry | $200 | $200 | $0 | |
| Iowa | Dry | $205 | $205 | $0 | |
| Michigan | Dry | $190 | $185 | $5 | |
| Minnesota | Dry | $200 | $195 | $5 | |
| New York | Dry | $220 | $210 | $10 | |
| South Dakota | Dry | $220 | $208 | $12 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | $220 | $220 | $0 | ||
| Wet | $75 | $75 | $0 | ||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $205 | $205 | $0 | |
| Iowa | Dry | $235 | $230 | $5 | |
| Michigan | Dry | $210 | $205 | $5 | |
| Minnesota | Dry | $230 | $230 | $0 | |
| Missouri | Dry | $245 | $235 | $10 | |
| Ohio | Dry | $205 | $205 | $0 | |
| South Dakota | Dry | $245 | $235 | $10 | |
| Nebraska | Dry | $240 | $240 | $0 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $225 | $225 | $0 | |
| Wet | $85 | $85 | $0 | ||
| Illinois | Dry | $215 | $200 | $15 | |
| Nebraska | Dry | $225 | $225 | $0 | |
| Wet | $85 | $85 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $200 | $200 | $0 | |
| Indiana | Dry | $195 | $195 | $0 | |
| Iowa | Dry | $200 | $200 | $0 | |
| Michigan | Dry | $195 | $195 | $0 | |
| Minnesota | Dry | $185 | $185 | $0 | |
| Nebraska | Dry | $230 | $225 | $5 | |
| New York | Dry | $210 | $210 | $0 | |
| North Dakota | Dry | $230 | $225 | $5 | |
| Ohio | Dry | $195 | $195 | $0 | |
| South Dakota | Dry | $205 | $205 | $0 | |
| Wisconsin | Dry | $195 | $195 | $0 | |
| Western Kansas | Dry | $275 | $270 | $5 | |
| Wet | $100 | $100 | 0 | ||
| Central Kansas | Dry | $240 | $240 | 0 | |
| Wet | $85 | $85 | 0 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $298 | $293 | $5 | |
| **Weekly Average: | $215 | $212 | $3 | ||
| (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 | 1/27/2022 | $6.2525 | $223.30 |
| Soybean Meal | 1/27/2022 | $404.70 | |
| DDG Weekly Average Spot Price | $215.00 | ||
| DDG Value Relative to: | 1/28 | 1/13 | |
| Corn | 96.28% | 100.01% | |
| Soybean Meal | 53.13% | 49.56% | |
| Cost Per Unit of Protein: | |||
| DDG | $7.96 | $7.78 | |
| Soybean Meal | $8.52 | $8.92 | |
| 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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