Market Matters Blog
DTN Weekly DDG Price Lower on Average
OMAHA (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 34 locations reporting for the week ended April 28 was $296 per ton, down $4 on average versus one week ago. DDG prices were weaker as plant production picked up last week, thus adding more supply. Also adding pressure to DDG prices were lower soybean meal cash prices recently.
The Energy Information Administration reported Wednesday that domestic ethanol plant production was higher for the first time in five weeks, up 1.7% to 963,000 barrels per day (bpd). This was partially due to plants getting closer to the end of spring maintenance.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended April 28 was 101.57%. The value of DDG relative to soybean meal was 67.24%, and the cost per unit of protein for DDG was $10.96, compared to the cost per unit of protein for soybean meal at $9.27.
In its weekly DDGS export update, the U.S. Grains Council said: "On the export market, brokers and exporters report that trade has been quiet, and values are down from last week. Barge CIF NOLA offers are down $10 to $12 metric ton (mt) at $350/MT for May/June shipment while FOB Gulf offers are down $9-10/MT at $370 for spot shipment. This week's sideways/slightly higher trade in ocean freight rates has kept containerized DDGS offers steady. The average offer for 40-foot containers to Southeast Asia hit $459/MT, unchanged from the prior 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 | 4/28/2022 | 4/21/2022 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $300 | $305 | -$5 | |
| Wet | $165 | $165 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $298 | $305 | -$7 | ||
| Wet | $155 | $170 | -$15 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $280 | $295 | -$15 | |
| Indiana | Dry | $280 | $295 | -$15 | |
| Iowa | Dry | $285 | $295 | -$10 | |
| Michigan | Dry | $280 | $280 | $0 | |
| Minnesota | Dry | $280 | $285 | -$5 | |
| New York | Dry | $285 | $285 | $0 | |
| South Dakota | Dry | $305 | $305 | $0 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | $295 | $310 | -$15 | ||
| Wet | $105 | $95 | $10 | ||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $305 | $305 | $0 | |
| Iowa | Dry | $300 | $300 | $0 | |
| Michigan | Dry | $285 | $285 | $0 | |
| Minnesota | Dry | $295 | $295 | $0 | |
| Missouri | Dry | $315 | $315 | $0 | |
| Ohio | Dry | $300 | $300 | $0 | |
| South Dakota | Dry | $320 | $320 | $0 | |
| Nebraska | Dry | $310 | $310 | $0 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $330 | $330 | $0 | |
| Wet | $110 | $110 | $0 | ||
| Illinois | Dry | $295 | $295 | $0 | |
| Nebraska | Dry | $330 | $330 | $0 | |
| Wet | $110 | $110 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $290 | $290 | $0 | |
| Indiana | Dry | $300 | $300 | $0 | |
| Iowa | Dry | $275 | $280 | -$5 | |
| Michigan | Dry | $285 | $285 | $0 | |
| Minnesota | Dry | $280 | $280 | $0 | |
| Nebraska | Dry | $300 | $312 | -$12 | |
| New York | Dry | $315 | $319 | -$4 | |
| North Dakota | Dry | $305 | $305 | $0 | |
| Ohio | Dry | $290 | $290 | $0 | |
| South Dakota | Dry | $305 | $300 | $5 | |
| Wisconsin | Dry | $275 | $275 | $0 | |
| Western Kansas | Dry | $365 | $365 | $0 | |
| Wet | $125 | $125 | $0 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $405 | $435 | -$30 | |
| **Weekly Average: | $296 | $300 | -$4 | ||
| (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 | 4/28/2022 | $8.1600 | $291.43 |
| Soybean Meal | 4/28/2022 | $440.20 | |
| DDG Weekly Average Spot Price | $296.00 | ||
| DDG Value Relative to: | 4/28 | 4/21 | |
| Corn | 101.57% | 105.10% | |
| Soybean Meal | 67.24% | 63.98% | |
| Cost Per Unit of Protein: | |||
| DDG | $10.96 | $11.11 | |
| Soybean Meal | $9.27 | $9.87 | |
| 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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