Market Matters Blog

MINNEAPOLIS (DTN) -- The DTN price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended April 11 was down $3 on average at $178 per ton versus one week ago. DDG prices were mixed but continued lower on average, as spot demand has been flat according to sellers. The DTN National Average Corn Index was down $4 from one week ago.

The Energy Information Administration on Wednesday reported overall ethanol production in the United States averaged 1.056 million barrels per day (bpd) in the week ended April 5, down 17,000 bpd week-on-week and 97,000 bpd, or 9.2%, higher than in the same week last year. Four-week average output at 1.057 million bpd was 66,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.008 million bpd, down 15,000 bpd week-on-week and 96,000 bpd, or 9.5%, higher than in the same week last year. Four-week average output at 1.008 million bpd was 63,000 bpd above the same four weeks last year.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended April 11 was 1.16%. The value of DDG relative to soybean meal was 53.04 and the cost per unit of protein for DDG was $6.59 compared to the cost per unit of protein for soybean meal at $7.07.

According to U.S. Grains Council weekly DDGS export prices, barge CIF NOLA was down $18 versus last week, FOB Vessel Gulf was down $20, rail delivered PNW was down $3, and 40-foot containers to South Korea were down $6 versus one week ago.

Note: All prices subject to change/confirmation.

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

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