Market Matters Blog

OMAHA (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 34 locations reporting for the week ended June 16 was $238 per ton, down $7 on average versus one week ago. Prices are moving lower as summer has slowed demand from feeders.

The Energy Information Administration report on Wednesday showed production at domestic ethanol plants recouped much of the prior week fall, rising 21,000 barrels per day (bpd) to 1.060 million bpd in the week ended June 10, 3.4% higher than the same week in 2021. Plant output averaged 1.046 million bpd during the four weeks ended June 10 -- 12,000 bpd above the same four weeks a year earlier.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended June 16 was 84.54%. The value of DDG relative to soybean meal was 55.39%, and the cost per unit of protein for DDG was $8.81, compared to the cost per unit of protein for soybean meal at $9.05.

In its weekly DDGS export update, the U.S. Grains Council said: "On the export market, barge CIF NOLA offers are $10 to $15 metric ton (mt) lower this week, erasing last week's gains and continuing a choppy, mostly sideways trading pattern. FOB Gulf offers down $15/mt for June through August at $330/mt. Offers for 40-foot containers to Southeast Asia, however, are higher by $10 to $14/mt this week at an average offer of $412/mt."

NOTE: All prices listed below can change at any time and are subject to confirmation from seller.

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on Twitter @MaryCKenn

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