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 May 27 was $259 per ton, down $10 on average versus one week ago. Given the uptick in plant production last week and the recent losses in the cash corn market, prices backed off again this week.
The Energy Information Administration report Wednesday showed production at U.S. ethanol plants jumped 33,000 barrels per day (bpd) or 3.3% to 1.024 million bpd through May 20, an eight-week high, and 1.3% above the same week in 2021. Plant output averaged 991,000 bpd during the four weeks ended May 20 -- 3,000 bpd lower than during the comparable four weeks a year ago. Domestic ethanol inventory decreased 79,000 barrels (bbl) last week to 23.712 million bbl, 24.7% higher than the same week in 2021.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended May 27 was 94.80%. The value of DDG relative to soybean meal was 60.49%, and the cost per unit of protein for DDG was $9.59, compared to the cost per unit of protein for soybean meal at $9.01.
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In its weekly DDGS export update, the U.S. Grains Council said: "On the export market, brokers and exporters report that Barge CIF NOLA values are down $10 metric ton (mt) for June and down $12/mt for July and August while FOB Gulf offers are down $13/mt. Container offers are down $16-$20/mt this week due to lower internal prices and a modest break in ocean freight rates. The average offer for 40-foot containers to Southeast Asia is $409/mt for June-August 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 | 5/26/2022 | 5/19/2022 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $265 | $270 | -$5 | |
| Wet | $150 | $155 | -$5 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $250 | $260 | -$10 | ||
| Wet | $125 | $130 | -$5 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $250 | $255 | -$5 | |
| Indiana | Dry | $245 | $245 | $0 | |
| Iowa | Dry | $250 | $260 | -$10 | |
| Michigan | Dry | $240 | $255 | -$15 | |
| Minnesota | Dry | $255 | $260 | -$5 | |
| New York | Dry | $245 | $265 | -$20 | |
| South Dakota | Dry | $275 | $280 | -$5 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | $245 | $250 | -$5 | ||
| Wet | $78 | $85 | -$7 | ||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $260 | $270 | -$10 | |
| Iowa | Dry | $275 | $280 | -$5 | |
| Michigan | Dry | $255 | $265 | -$10 | |
| Minnesota | Dry | $270 | $275 | -$5 | |
| Missouri | Dry | $285 | $295 | -$10 | |
| Ohio | Dry | $260 | $270 | -$10 | |
| South Dakota | Dry | $280 | $290 | -$10 | |
| Nebraska | Dry | $260 | $270 | -$10 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $290 | $310 | -$20 | |
| Wet | $100 | $110 | -$10 | ||
| Illinois | Dry | $260 | $265 | -$5 | |
| Nebraska | Dry | $290 | $310 | -$20 | |
| Wet | $100 | $110 | -$10 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $250 | $265 | -$15 | |
| Indiana | Dry | $260 | $270 | -$10 | |
| Iowa | Dry | $240 | $255 | -$15 | |
| Michigan | Dry | $258 | $268 | -$10 | |
| Minnesota | Dry | $240 | $255 | -$15 | |
| Nebraska | Dry | $255 | $265 | -$10 | |
| New York | Dry | $275 | $290 | -$15 | |
| North Dakota | Dry | $255 | $275 | -$20 | |
| Ohio | Dry | $250 | $250 | $0 | |
| South Dakota | Dry | $265 | $280 | -$15 | |
| Wisconsin | Dry | $250 | $250 | $0 | |
| Western Kansas | Dry | $335 | $335 | $0 | |
| Wet | $140 | $140 | $0 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $380 | $375 | $5 | |
| **Weekly Average: | $259 | $269 | -$10 | ||
| (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 | 5/26/2022 | $7.6500 | $273.21 |
| Soybean Meal | 5/26/2022 | $428.20 | |
| DDG Weekly Average Spot Price | $259.00 | ||
| DDG Value Relative to: | 5/26 | 5/19 | |
| Corn | 94.80% | 96.16% | |
| Soybean Meal | 60.49% | 63.25% | |
| Cost Per Unit of Protein: | |||
| DDG | $9.59 | $9.96 | |
| Soybean Meal | $9.01 | $8.95 | |
| 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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