Market Matters Blog

DTN Weekly DDG Price Slightly Lower on Average

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DTN's weekly spot price for domestic distillers dried grains for the week ended May 9 is down $1 per ton on average versus one week ago. (DTN file photo)

MINNEAPOLIS (DTN) -- The DTN price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended May 9 was down $1 on average versus one week ago at $166 per ton. DDG prices were mixed this week and some buyers noted demand has slowly picked up. The DTN National Average Corn Index was down 4 cents versus one week ago.

The Energy Information Administration on Wednesday reported overall ethanol production in the United States averaged 965,000 barrels per day (bpd) in the week ended May 3, down 22,000 bpd week-on-week while flat versus the same week last year. Four-week average output at 972,000 bpd was 11,000 bpd below the same four weeks last year. Midwest ethanol production averaged 914,000 bpd, down 16,000 bpd week-on-week and 2,000 bpd, or 0.2%, higher than in the same week last year. Four-week average output at 918,000 bpd was 13,000 bpd below 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 May 9 was 1.05%. The value of DDG relative to soybean meal was 45.11 and the cost per unit of protein for DDG was $6.15 compared to the cost per unit of protein for soybean meal at $7.75. (DDG table still May futures).

U.S. Grains Council in their weekly DDGS export market prices report showed May 8 CIF NOLA barge price was down $5 per metric ton versus last week and FOB vessel Gulf price down $3 per metric ton. Rail delivered to the PNW was down $2 versus last week and rail delivered to California was down $5 per metric ton from last week.

Barge traffic has slowed in parts of the Upper Mississippi River through St. Louis as the onslaught of rain continues to cause a rise in the river. Safety restrictions come into play with tow and draft sizes reduced in some areas and no wake zones, both which slow transit.

Note: All prices subject to change/confirmation.

ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 5/9/2024 5/2/2024
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $170 $170 $0
Wet $85 $85 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $175 $170 $5
Wet $70 $75 -$5
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $170 $165 $5
Indiana Dry $150 $145 $5
Iowa Dry $155 $150 $5
Michigan Dry $155 $155 $0
Minnesota Dry $145 $145 $0
New York Dry $170 $185 -$15
South Dakota Dry $155 $150 $5
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $180 $180 $0
Iowa Dry $175 $170 $5
Michigan Dry $180 $180 $0
Minnesota Dry $165 $160 $5
Missouri Dry $190 $190 $0
Ohio Dry $180 $180 $0
South Dakota Dry $175 $175 $0
Nebraska Dry $180 $180 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $190 $190 $0
Wet $55 $55 $0
Illinois SOLD OUT Dry $0 $0 $0
Nebraska Dry $190 $190 $0
Wet $55 $55 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $164 $169 -$5
Indiana Dry $145 $165 -$20
Iowa Dry $145 $145 $0
Michigan Dry $155 $165 -$10
Minnesota Dry $145 $145 $0
Nebraska Dry $160 $160 $0
New York Dry $210 $225 -$15
North Dakota Dry $160 $160 $0
Ohio Dry $165 $170 -$5
South Dakota Dry $150 $150 $0
Wisconsin Dry $150 $165 -$15
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
Dry $165 $165 $0
Western Kansas
Kansas Dry $210 $210 $0
Wet $74 $74 $0
Western Milling
California Dry $255 $255 $0
**Weekly Average: $166 $167 -$1
(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 5/9/2024 $4.4275 $158.1250
Soybean Meal 5/9/2024 $368.00
DDG Weekly Average Spot Price 5/9/2024 $166.00
DDG Value Relative to: 5/9 5/2
Corn 1.05% 1.13%
Soybean Meal 45.11% 48.84%
Cost Per Unit of Protein:
DDG $6.15 $7.19
Soybean Meal $7.75 $8.36
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 @MaryCKenn on the social platform X

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