Market Matters Blog
DTN Weekly DDG Price Lower on Average
MINNEAPOLIS (DTN) -- The DTN price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended June 13 was down $2 on average versus one week ago at $160 per ton. Some merchandisers noted that demand has been slow recently, especially in areas where hot temperatures have been a factor. The DTN National Average Corn Index was up 8 cents versus one week ago.
The Energy Information Administration on Wednesday reported overall ethanol production in the United States averaged 1.023 million bpd in the week ended June 7, down 49,000 bpd week-on-week and 5,000 bpd, or 0.5% higher than in the same week last year. The four-week average output at 1.045 million bpd was 35,000 bpd above the same four weeks last year. Midwest ethanol production averaged 967,000 bpd, down 45,000 bpd week-on-week and 6,000 bpd, or 0.6% higher than in the same week last year. The four-week average output at 987,000 bpd was 31,000 bpd above the same four weeks last year.
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Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended June 13 was 0.98%. The value of DDG relative to soybean meal was 43.44 and the cost per unit of protein for DDG was $5.93 compared to the cost per unit of protein for soybean meal at $7.75.
U.S. Grains Council in its weekly DDGS export market prices report showed June 12 CIF NOLA barge price was at $192 per metric ton, down $6 from last week and FOB vessel Gulf price was at $195, down $6 from last week. Rail delivered PNW was unchanged at $227 and rail delivered to California was unchanged at $231 per metric ton.
Note: All prices subject to change/confirmation.
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||||||
| COMPANY | STATE | 6/13/2024 | 6/6/2024 | ||||||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||||||
| Missouri | Dry | $160 | $160 | $0 | |||||
| Wet | $85 | $85 | $0 | ||||||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||||||
| Dry | $165 | $165 | $0 | ||||||
| Wet | $70 | $70 | $0 | ||||||
| CHS, Minneapolis, MN (800-769-1066) | |||||||||
| Illinois | Dry | $165 | $165 | $0 | |||||
| Indiana | Dry | $140 | $140 | $0 | |||||
| Iowa | Dry | $153 | $155 | -$2 | |||||
| Michigan | Dry | $140 | $145 | -$5 | |||||
| Minnesota | Dry | $145 | $145 | $0 | |||||
| New York | Dry | $165 | $165 | $0 | |||||
| South Dakota | Dry | $150 | $155 | -$5 | |||||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||||||
| Indiana | Dry | $175 | $175 | $0 | |||||
| Iowa Subject | Dry | $170 | $175 | -$5 | |||||
| Michigan | Dry | $180 | $180 | $0 | |||||
| Minnesota Subject | Dry | $165 | $165 | $0 | |||||
| Missouri | Dry | $175 | $180 | -$5 | |||||
| Ohio | Dry | $175 | $175 | $0 | |||||
| South Dakota | Dry | $170 | $170 | $0 | |||||
| Nebraska | Dry | $170 | $175 | -$5 | |||||
| United BioEnergy, Wichita, KS (316-616-3521) | |||||||||
| Kansas | Dry | $185 | $190 | -$5 | |||||
| Wet | $60 | $55 | $5 | ||||||
| Illinois SOLD OUT | Dry | $0 | $0 | $0 | |||||
| Nebraska | Dry | $185 | $190 | -$5 | |||||
| Wet | $60 | $55 | $5 | ||||||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||||||
| Illinois | Dry | $160 | $160 | $0 | |||||
| Indiana | Dry | $145 | $145 | $0 | |||||
| Iowa | Dry | $145 | $145 | $0 | |||||
| Michigan | Dry | $150 | $150 | $0 | |||||
| Minnesota | Dry | $145 | $145 | $0 | |||||
| Nebraska | Dry | $145 | $150 | -$5 | |||||
| New York | Dry | $180 | $180 | $0 | |||||
| North Dakota | Dry | $150 | $150 | $0 | |||||
| Ohio | Dry | $160 | $160 | $0 | |||||
| South Dakota | Dry | $140 | $140 | $0 | |||||
| Wisconsin | Dry | $150 | $150 | $0 | |||||
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||||||
| FOB Pickett | Dry | $160 | $160 | $0 | |||||
| Western Kansas | |||||||||
| Kansas | Dry | $180 | $190 | -$10 | |||||
| Wet | $72 | $68 | $4 | ||||||
| Western Milling | |||||||||
| California | Dry | $245 | $245 | $0 | |||||
| **Weekly Average: | $160 | $162 | -$2 | ||||||
| (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 | 6/13/2024 | $4.5850 | $163.7500 | ||||||
| Soybean Meal | 6/13/2024 | $368.30 | |||||||
| DDG Weekly Average Spot Price | 6/13/2024 | $160.00 | |||||||
| DDG Value Relative to: | 6/13 | 6/6 | |||||||
| Corn | 0.98% | 1.13% | |||||||
| Soybean Meal | 43.44% | 48.84% | |||||||
| Cost Per Unit of Protein: | |||||||||
| DDG | $5.93 | $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 on the social platform X @MaryCKenn
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