Market Matters Blog
Weekly DTN Average DDG Price Steady
OMAHA (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 34 locations reporting for the week ended March 17 was $282 per ton, unchanged versus one week ago. Prices remained firm overall as plants enter spring maintenance, which could slow supplies of available DDG, according to one merchandiser, while soybean meal and cash corn prices have moved lower versus one week ago.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Thursday, March 17, was 104.65%. The value of DDG relative to soybean meal was 59.48%, and the cost per unit of protein for DDG was $10.44, compared to the cost per unit of protein for soybean meal at $9.98.
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The Energy Information Administration reported Wednesday that total ethanol production dipped 2,000 barrels per day (bpd) to 1.026 million bpd, about 6% more than a year ago, while four-week average output totaled 1.019 million bpd, up 4,000 bpd from the prior four-week period.
In its weekly DDGS update, the U.S. Grains Council said, "Exporters note that most of the Mississippi River system will be open in the next few weeks after the mid-Mississippi River region was officially opened earlier this week. That is putting pressure on barge values, which are down $11 per metric ton (mt) for April and down $18-$25/mt for May/June positions. FOB Gulf offers are reflecting the reduced transportation costs and are down $5/mt for spot positions this week and posted a $14/mt decline for May. U.S. rail rates, however, are higher this week as fuel surcharges continue to support values. Containerized DDGS exports to southeast Asia are up $5/mt this week amid the general strength in DDGS values and ocean freight rates. Offers average $456/mt for second-quarter shipment."
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 | 3/17/2022 | 3/10/2022 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $300 | $300 | $0 | |
| Wet | $160 | $160 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $300 | $300 | $0 | ||
| Wet | $170 | $170 | $0 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $285 | $290 | -$5 | |
| Indiana | Dry | $280 | $280 | $0 | |
| Iowa | Dry | $270 | $270 | $0 | |
| Michigan | Dry | $260 | $260 | $0 | |
| Minnesota | Dry | $270 | $275 | -$5 | |
| New York | Dry | $305 | $305 | $0 | |
| South Dakota | Dry | $285 | $290 | -$5 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | $295 | $290 | $5 | ||
| Wet | $98 | $95 | $3 | ||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $290 | $285 | $5 | |
| Iowa | Dry | $290 | $290 | $0 | |
| Michigan | Dry | $270 | $270 | $0 | |
| Minnesota | Dry | $285 | $285 | $0 | |
| Missouri | Dry | $300 | $300 | $0 | |
| Ohio | Dry | $290 | $285 | $5 | |
| South Dakota | Dry | $300 | $300 | $0 | |
| Nebraska | Dry | $310 | $310 | $0 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $285 | $285 | $0 | |
| Wet | $105 | $105 | $0 | ||
| Illinois | Dry | $280 | $280 | $0 | |
| Nebraska | Dry | $285 | $285 | $0 | |
| Wet | $105 | $105 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $275 | $275 | $0 | |
| Indiana | Dry | $265 | $265 | $0 | |
| Iowa | Dry | $265 | $265 | $0 | |
| Michigan | Dry | $260 | $260 | $0 | |
| Minnesota | Dry | $270 | $270 | $0 | |
| Nebraska | Dry | $305 | $305 | $0 | |
| New York | Dry | $305 | $305 | $0 | |
| North Dakota | Dry | $285 | $285 | $0 | |
| Ohio | Dry | $275 | $275 | $0 | |
| South Dakota | Dry | $280 | $280 | $0 | |
| Wisconsin | Dry | $260 | $260 | $0 | |
| Western Kansas | Dry | $320 | $310 | $10 | |
| Wet | $118 | $118 | $0 | ||
| Central Kansas | Dry | $300 | $300 | $0 | |
| Wet | $110 | $110 | $0 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $376 | $358 | $18 | |
| **Weekly Average: | $282 | $282 | $0 | ||
| (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 | 3/17/2022 | $7.5450 | $269.46 |
| Soybean Meal | 3/17/2022 | $474.10 | |
| DDG Weekly Average Spot Price | $282.00 | ||
| DDG Value Relative to: | 3/17 | 3/10 | |
| Corn | 104.65% | 104.20% | |
| Soybean Meal | 59.48% | 55.64% | |
| Cost Per Unit of Protein: | |||
| DDG | $10.44 | $10.44 | |
| Soybean Meal | $9.98 | $10.67 | |
| 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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