Market Matters Blog

MINNEAPOLIS (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Aug. 24 was $195 per ton, down $1 on average from one week ago. DDG prices were mixed, but slightly lower on average as demand has slowed in the feed market this week during the excessive heat covering a large portion of the U.S., which curbs cattle's appetite. The cash corn market has been a mixed bag also during the week with the DTN National Corn Index down 6 cents from one week ago.

The Energy Information Administration (EIA) at midweek reported for the week ended Aug. 18, overall ethanol production in the United States averaged 1.048 million barrels per day (bpd), down 21,000 bpd week-on-week and 61,000 bpd, or 5.8%, higher than in the same week last year. The four-week average output at 1.052 million bpd was 43,000 bpd above the same four weeks in 2022. Midwest ethanol production averaged 992,000 bpd, down 20,000 bpd week-on-week and 64,000 bpd, or 6.5%, higher than in the same week last year. The four-week average output at 993,000 bpd was 42,000 bpd above the same four weeks in 2022.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Aug. 24 was 1.16%. The value of DDG relative to soybean meal was 46.13 and the cost per unit of protein for DDG was $7.22 compared to the cost per unit of protein for soybean meal at $8.90.

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

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

Follow her on Twitter @MaryCKenn

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