Market Matters Blog
DTN Average Weekly DDG Price Pushes Lower Again
OMAHA (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 34 locations reporting for the week ended June 2 was $250 per ton, down $9 on average versus one week ago. Once again, a rise in plant production last week and losses in the cash corn market pressured DDG prices. The DTN National Corn Index was 29 cents lower on June 2 versus one week ago.
The Energy Information Administration report Wednesday showed nationally ethanol plant production increased 47,000 barrels per day (bpd) or 4.6% to 1.071 million bpd -- 37,000 bpd or 3.6% above the year-ago output rate.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended June 2 was 95.86%. The value of DDG relative to soybean meal was 60.25%, and the cost per unit of protein for DDG was $9.26, compared to the cost per unit of protein for soybean meal at $8.73.
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 | 6/2/2022 | 5/26/2022 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $260 | $265 | -$5 | |
| Wet | $150 | $150 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $245 | $250 | -$5 | ||
| Wet | $125 | $125 | $0 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $245 | $250 | -$5 | |
| Indiana | Dry | $240 | $245 | -$5 | |
| Iowa | Dry | $240 | $250 | -$10 | |
| Michigan | Dry | $235 | $240 | -$5 | |
| Minnesota | Dry | $235 | $255 | -$20 | |
| New York | Dry | $240 | $245 | -$5 | |
| South Dakota | Dry | $265 | $275 | -$10 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | $240 | $245 | -$5 | ||
| Wet | $78 | $78 | $0 | ||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $255 | $260 | -$5 | |
| Iowa | Dry | $260 | $275 | -$15 | |
| Michigan | Dry | $255 | $255 | $0 | |
| Minnesota | Dry | $255 | $270 | -$15 | |
| Missouri | Dry | $270 | $285 | -$15 | |
| Ohio | Dry | $255 | $260 | -$5 | |
| South Dakota | Dry | $260 | $280 | -$20 | |
| Nebraska | Dry | $245 | $260 | -$15 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $270 | $290 | -$20 | |
| Wet | $100 | $100 | $0 | ||
| Illinois | Dry | $250 | $260 | -$10 | |
| Nebraska | Dry | $270 | $290 | -$20 | |
| Wet | $100 | $100 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $245 | $250 | -$5 | |
| Indiana | Dry | $255 | $260 | -$5 | |
| Iowa | Dry | $230 | $240 | -$10 | |
| Michigan | Dry | $252 | $258 | -$6 | |
| Minnesota | Dry | $240 | $240 | $0 | |
| Nebraska | Dry | $235 | $255 | -$20 | |
| New York | Dry | $260 | $275 | -$15 | |
| North Dakota | Dry | $255 | $255 | $0 | |
| Ohio | Dry | $250 | $250 | $0 | |
| South Dakota | Dry | $255 | $265 | -$10 | |
| Wisconsin | Dry | $245 | $250 | -$5 | |
| Western Kansas | Dry | $300 | $335 | -$35 | |
| Wet | $125 | $140 | -$15 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $370 | $380 | -$10 | |
| **Weekly Average: | $250 | $259 | -$9 | ||
| (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 | 6/2/2022 | $7.3025 | $260.80 |
| Soybean Meal | 6/2/2022 | $414.90 | |
| DDG Weekly Average Spot Price | $250.00 | ||
| DDG Value Relative to: | 6/2 | 5/26 | |
| Corn | 95.86% | 94.80% | |
| Soybean Meal | 60.25% | 60.49% | |
| Cost Per Unit of Protein: | |||
| DDG | $9.26 | $9.59 | |
| Soybean Meal | $8.73 | $9.01 | |
| 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
(c) Copyright 2022 DTN, LLC. All rights reserved.
Comments
To comment, please Log In or Join our Community .