Market Matters Blog
DTN Weekly DDG Price Higher on Average
MINNEAPOLIS (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 35 locations reporting for the week ended Jan. 12 was $274 per ton, up $3 on average from one week ago. Prices were mixed, but overall ended up slightly higher on average, even as plant production increased last week.
The Energy Information Administration (EIA) at midweek showed the first gain in domestic ethanol production in five weeks, up 99,000 barrels per day (bpd) or 12.7% to 943,000 bpd, 6.3% lower than a year ago for the week ended Jan. 6. Output in the Midwest rose 101,000 bpd to 895,000 bpd, down 5.5% from this time in 2022.
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Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Jan. 12 was 1.14%. The value of DDG relative to soybean meal was 53.41%, and the cost per unit of protein for DDG was $10.15 compared to the cost per unit of protein for soybean meal at $10.80.
In its weekly DDGS export update, the U.S. Grains Council said: "On the export market, Barge CIF NOLA prices pulled back for the first time in five weeks as barge freight rates ease lower. FOB NOLA offers are down $8 to $9 metric ton (mt) for February and March shipment with offers averaging $342/mt. U.S. rail rates are $5 to $6/mt higher as the logistics snarls from winter storms a few weeks ago are cleared and operations are returning to normal. Offers for 40-foot containers to Southeast Asia are down $4 to $7/mt this week as ocean freight rates pull back. February and March shipments CNF Southeast Asia averaged $412/mt as of midday Thursday."
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 | 1/12/2023 | 1/5/2023 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $315 | $310 | $5 | |
| Wet | $170 | $165 | $5 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $305 | $300 | $5 | ||
| Wet | $170 | $165 | $5 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $245 | $245 | $0 | |
| Indiana | Dry | $240 | $240 | $0 | |
| Iowa | Dry | $265 | $265 | $0 | |
| Michigan | Dry | $230 | $230 | $0 | |
| Minnesota | Dry | $270 | $270 | $0 | |
| New York | Dry | $265 | $265 | $0 | |
| South Dakota | Dry | $325 | $305 | $20 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | $280 | $280 | $0 | ||
| Wet | $100 | $100 | $0 | ||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $270 | $270 | $0 | |
| Iowa | Dry | $305 | $305 | $0 | |
| Michigan | Dry | $255 | $260 | -$5 | |
| Minnesota | Dry | $305 | $300 | $5 | |
| Missouri | Dry | $300 | $310 | -$10 | |
| Ohio | Dry | $270 | $265 | $5 | |
| South Dakota | Dry | $310 | $305 | $5 | |
| Nebraska | Dry | $310 | $310 | $0 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $285 | $285 | $0 | |
| Call for Available | Wet* | $0 | $0 | $0 | |
| Illinois | Dry | $250 | $250 | $0 | |
| Nebraska | Dry | $285 | $285 | $0 | |
| Call for Available | Wet* | $0 | $0 | $0 | |
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $240 | $235 | $5 | |
| Indiana | Dry | $245 | $245 | $0 | |
| Iowa | Dry | $260 | $250 | $10 | |
| Michigan | Dry | $250 | $245 | $5 | |
| Minnesota | Dry | $265 | $255 | $10 | |
| Nebraska | Dry | $310 | $310 | $0 | |
| New York | Dry | $280 | $280 | $0 | |
| North Dakota | Dry | $275 | $275 | $0 | |
| Ohio | Dry | $265 | $260 | $5 | |
| South Dakota | Dry | $295 | $275 | $20 | |
| Wisconsin | Dry | $230 | $230 | $0 | |
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
| Dry | $235 | $235 | $0 | ||
| Western Kansas | Dry | $275 | $275 | $0 | |
| Wet | $110 | $110 | $0 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | ||||
| **Weekly Average: | $274 | $271 | $3 | ||
| (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 | 1/12/2023 | $6.7100 | $239.6429 |
| Soybean Meal | 1/12/2023 | $513.00 | |
| DDG Weekly Average Spot Price | $274.00 | ||
| DDG Value Relative to: | 1/12/2023 | 1/5/2022 | |
| Corn | 1.14% | 1.16% | |
| Soybean Meal | 53.41% | 55.45% | |
| Cost Per Unit of Protein: | |||
| DDG | $10.15 | $10.04 | |
| Soybean Meal | $10.80 | $10.29 | |
| 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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