Market Matters Blog

DTN Weekly DDG Price 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 June 13 is down $2 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 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.

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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