Market Matters Blog
DTN Weekly DDG Price Pushes Higher on Average
MINNEAPOLIS (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 35 locations reporting for the week ended Dec. 15 was $254 per ton, up $13 on average from one week ago.
DDG prices have turned higher on average as demand remains strong and soymeal prices have moved higher. Heading into the last two weeks of the year, we may see some plants slow down as cold weather sets in and due to margins turning lower. The higher cash corn price can also be added to the mix. The DTN National Corn Index is up 21 cents versus one week ago.
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The Energy Information Administration (EIA) on Wednesday showed that through Dec. 9, there was a decline in plant production, with ethanol output last week at 1.061 million barrels per day (bpd), easing to 16,000 bpd from a one-year high. Ethanol production averaged 1.049 million bpd over the four weeks ended Dec. 9, 24,000 bpd or 2.2% below the output rate during the comparable period in 2021.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Dec. 15 was 1.09%. The value of DDG relative to soybean meal was 55.79%, and the cost per unit of protein for DDG was $9.41 compared to the cost per unit of protein for soybean meal at $9.59.
In its weekly DDGS export update, the U.S. Grains Council said: "On the export market, Barge CIF NOLA (New Orleans, Louisiana) prices extended last week's gains and are another $4-$7 per metric ton (mt) higher. Offers for January barges are up $5 at $338/mt this week while FOB NOLA offers are $3-$6/mt higher. January FOB NOLA DDGS are offered at $343, on average, this week. Prices for 40-foot containers to Southeast Asia are steady to slightly higher with first-quarter 2023 offers averaging $414/mt."
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 | 12/15/2022 | 12/8/2022 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $270 | $265 | $5 | |
| Wet | $160 | $160 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $270 | $260 | $10 | ||
| Wet | $145 | $140 | $5 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $245 | $230 | $15 | |
| Indiana | Dry | $230 | $215 | $15 | |
| Iowa | Dry | $250 | $230 | $20 | |
| Michigan | Dry | $220 | $215 | $5 | |
| Minnesota | Dry | $245 | $215 | $30 | |
| New York | Dry | $260 | $250 | $10 | |
| South Dakota | Dry | $270 | $250 | $20 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | $278 | $270 | $8 | ||
| Wet | $97 | $96 | $1 | ||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $245 | $225 | $20 | |
| Iowa | Dry | $260 | $260 | $0 | |
| Michigan | Dry | $250 | $230 | $20 | |
| Minnesota | Dry | $255 | $255 | $0 | |
| Missouri | Dry | $270 | $270 | $0 | |
| Ohio | Dry | $245 | $225 | $20 | |
| South Dakota | Dry | $265 | $265 | $0 | |
| Nebraska | Dry | $305 | $275 | $30 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $275 | $290 | -$15 | |
| Call for Available | Wet* | $0 | $0 | $0 | |
| Illinois | Dry | $245 | $230 | $15 | |
| Nebraska | Dry | $275 | $290 | -$15 | |
| Call for Available | Wet* | $0 | $0 | $0 | |
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $245 | $230 | $15 | |
| Indiana | Dry | $245 | $215 | $30 | |
| Iowa | Dry | $240 | $220 | $20 | |
| Michigan | Dry | $240 | $220 | $20 | |
| Minnesota | Dry | $240 | $220 | $20 | |
| Nebraska | Dry | $280 | $260 | $20 | |
| New York | Dry | $275 | $255 | $20 | |
| North Dakota | Dry | $260 | $260 | $0 | |
| Ohio | Dry | $255 | $225 | $30 | |
| South Dakota | Dry | $250 | $225 | $25 | |
| Wisconsin | Dry | $225 | $210 | $15 | |
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
| Dry | $225 | $220 | $5 | ||
| Western Kansas | Dry | $265 | $265 | $0 | |
| Wet | $110 | $110 | $0 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $360 | $345 | $15 | |
| **Weekly Average: | $254 | $241 | $13 | ||
| (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 | 12/15/2022 | $6.5350 | $233.3929 |
| Soybean Meal | 12/15/2022 | $455.30 | |
| DDG Weekly Average Spot Price | $254.00 | ||
| DDG Value Relative to: | 12/15/2022 | 12/8/2022 | |
| Corn | 1.09% | 1.07% | |
| Soybean Meal | 55.79% | 51.35% | |
| Cost Per Unit of Protein: | |||
| DDG | $9.41 | $8.93 | |
| Soybean Meal | $9.59 | $9.88 | |
| Notes: | |||
| Corn and soybean prices taken 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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