Market Matters Blog
DTN Weekly DDG Price Slightly Lower on Average
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).
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
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
(c) Copyright 2024 DTN, LLC. All rights reserved.
Comments
To comment, please Log In or Join our Community .