Market Matters Blog
DTN Weekly DDG Price Pushes Higher on Average
MINNEAPOLIS (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 34 locations reporting for the week ended Sept. 15 was $254 per ton, up $9 versus one week ago. DDG demand from feeders has picked up as cash corn is not easy to buy or readily available, even with stronger basis values. On top of that, rail service slowed this past week as railroads prepared for a possible worker strike on Sept. 16, which was averted Thursday morning. https://www.dtnpf.com/…
The Energy Information Administration (EIA) said Wednesday domestic ethanol production tumbled 26,000 barrels per day (bpd) to 963,000 bpd, the lowest level since the week ended April 22, but about 3% higher than this time last year. Midwest ethanol production plunged 29,000 bpd or 3.1% to 902,000 bpd through Sept. 9, also a 20-week low but 2.4% above a year ago.
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 Sep. 5 was 1.05%. The value of DDG relative to soybean meal was 58.46%, and the cost per unit of protein for DDG was $9.41, compared to the cost per unit of protein for soybean meal at $9.15.
In its weekly DDGS export update, the U.S. Grains Council said: "Barge markets are relaxing after their recent run-up and offers for DDGS Barge CIF NOLA are down $2 to $3 metric ton (mt) so far this week. FOB Gulf DDGS, however, are up $2 for spot positions and steady/down $1 for deferred positions. U.S. rail rates are sharply higher this week due to concerns about the strike, but those values should retreat soon. Offers for 40-foot containers are steady/up$4/M this week with the increase in ocean freight rates offering support. Offers for containerized DDGS to Southeast Asia averaged $408/mt through Thursday's trade."
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 | 9/15/2022 | 9/8/2022 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $275 | $265 | $10 | |
| Wet | $160 | $155 | $5 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $285 | $270 | $15 | ||
| Wet | $150 | $140 | $10 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $235 | $235 | $0 | |
| Indiana | Dry | $225 | $225 | $0 | |
| Iowa | Dry | $245 | $245 | $0 | |
| Michigan | Dry | $210 | $210 | $0 | |
| Minnesota | Dry | $245 | $235 | $10 | |
| New York | Dry | $205 | $205 | $0 | |
| South Dakota | Dry | $265 | $260 | $5 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | $285 | $280 | $5 | ||
| Wet | $101 | $95 | $6 | ||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $240 | $240 | $0 | |
| Iowa | Dry | $290 | $260 | $30 | |
| Michigan | Dry | $220 | $215 | $5 | |
| Minnesota | Dry | $275 | $255 | $20 | |
| Missouri | Dry | $285 | $275 | $10 | |
| Ohio | Dry | $240 | $245 | -$5 | |
| South Dakota | Dry | $275 | $260 | $15 | |
| Nebraska | Dry | $320 | $300 | $20 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $280 | $270 | $10 | |
| Call for Available | Wet* | $0 | $0 | $0 | |
| Illinois | Dry | $235 | $235 | $0 | |
| Nebraska | Dry | $280 | $270 | $10 | |
| Call for Available | Wet* | $0 | $0 | $0 | |
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $235 | $220 | $15 | |
| Indiana | Dry | $230 | $215 | $15 | |
| Iowa | Dry | $250 | $230 | $20 | |
| Michigan | Dry | $220 | $215 | $5 | |
| Minnesota | Dry | $240 | $220 | $20 | |
| Nebraska | Dry | $295 | $285 | $10 | |
| New York | Dry | $265 | $250 | $15 | |
| North Dakota | Dry | $245 | $230 | $15 | |
| Ohio | Dry | $230 | $225 | $5 | |
| South Dakota | Dry | $240 | $235 | $5 | |
| Wisconsin | Dry | $220 | $213 | $7 | |
| Western Kansas | Dry | $290 | $290 | $0 | |
| Wet | $105 | $105 | $0 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $345 | $338 | -$7 | |
| **Weekly Average: | $254 | $245 | $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 | 9/15/2022 | $6.7750 | $241.9643 |
| Soybean Meal | 9/15/2022 | $434.50 | |
| DDG Weekly Average Spot Price | $254.00 | ||
| DDG Value Relative to: | 9/15/2022 | 9/8/2022 | |
| Corn | 1.05% | 1.02% | |
| Soybean Meal | 58.46% | 57.27% | |
| Cost Per Unit of Protein: | |||
| DDG | $9.41 | $9.07 | |
| Soybean Meal | $9.15 | $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 .