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 July 18 is down $3 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 July 18 was down $3 on average at $146 per ton versus one week ago. The lower cash corn price added pressure to DDG prices, along with a slowing of demand and an increase in supplies again this week. The DTN National Average Corn Index was down 8 cents versus one week ago.

The U.S. Energy Information Administration reported overall ethanol production in the United States averaged 1.106 million barrels per day (bpd) in the week ended July 12, up 52,000 bpd week-on-week and 36,000 bpd, or 3.3%, higher than in the same week last year. Four-week average output at 1.067 million bpd was 14,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.046 million bpd, up 45,000 bpd week-on-week and 38,000 bpd, or 3.6%, higher than in the same week last year. Four-week average output at 1.011 million bpd was 19,000 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 July 18 was 1.04%. The value of DDG relative to soybean meal was 43.30 and the cost per unit of protein for DDG was $5.41 compared to the cost per unit of protein for soybean meal at $7.10.

U.S. Grains Council in its weekly DDGS export market prices report showed July 17 CIF NOLA barge price was at $194 per metric ton, down $3 from one week ago and FOB vessel Gulf price was at $194, down $2, rail delivered PNW was down 15 cents at $216 and rail delivered to California was down 7 cents at $217 per metric ton.

Note: All prices subject to change/confirmation.

ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 7/18/2024 7/11/2024
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $155 $155 $0
Wet $80 $80 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $155 $155 $0
Wet $60 $60 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $145 $155 -$10
Indiana Dry $125 $130 -$5
Iowa Dry $140 $140 $0
Michigan Dry $125 $130 -$5
Minnesota Dry $130 $130 $0
New York Dry $140 $140 $0
South Dakota Dry $130 $135 -$5
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $170 $170 $0
Iowa Dry $155 $160 -$5
Michigan Dry $165 $165 $0
Minnesota Dry $150 $155 -$5
Missouri Dry $165 $165 $0
Ohio Dry $170 $170 $0
South Dakota Dry $155 $160 -$5
Nebraska Dry $155 $155 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $155 $170 -$15
Wet $65 $75 -$10
Illinois SOLD OUT Dry $0 $0 $0
Nebraska Dry $155 $170 -$15
Wet $65 $75 -$10
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $140 $155 -$15
Indiana Dry $135 $145 -$10
Iowa Dry $120 $120 $0
Michigan Dry $140 $145 -$5
Minnesota Dry $135 $140 -$5
Nebraska Dry $140 $140 $0
New York Dry $160 $160 $0
North Dakota Dry $125 $125 $0
Ohio Dry $150 $150 $0
South Dakota Dry $120 $120 $0
Wisconsin Dry $140 $140 $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $145 $150 -$5
Western Kansas
Kansas Dry $182 $182 $0
Wet $68 $68 $0
Western Milling
California Dry $230 $228 $2
**Weekly Average: $146 $149 -$3
(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 7/18/2024 $3.9125 $139.7322
Soybean Meal 7/18/2024 $337.20
DDG Weekly Average Spot Price 7/18/2024 $146.00
DDG Value Relative to: 7/18 7/11
Corn 1.04% 1.13%
Soybean Meal 43.30% 48.84%
Cost Per Unit of Protein:
DDG $5.41 $7.19
Soybean Meal $7.10 $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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