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 Aug. 22 was down $1 on average at $140 per ton versus one week ago. DDG prices overall were mixed and but prices were slightly under pressure once again. As plant production rises, that adds more DDG and with slower demand, it can affect prices. The DTN National Average Corn Index was down 5 cents versus one week ago.
The U.S. Energy Information Administration reported overall ethanol production in the United States averaged 1.098 million bpd in the week ended Aug. 16, up 26,000 bpd week-on-week and 50,000 bpd, or 4.6% higher than in the same week last year. Four-week average output at 1.087 million bpd was 35,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.038 million bpd, up 24,000 bpd week-on-week and 46,000 bpd, or 4.4% higher than in the same week last year. Four-week average output at 1.026 million bpd was 33,000 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 Aug. 22 was 1.06%. The value of DDG relative to soybean meal was 45.69 and the cost per unit of protein for DDG was $5.19 compared to the cost per unit of protein for soybean meal at $6.45.
U.S. Grains Council in its weekly DDGS export market prices report showed as of Aug. 21, September CIF NOLA barge price was at $166 per metric ton, down $9 versus one week ago and FOB vessel Gulf price was at $175, down $10; rail delivered PNW was down $9 at $209, and rail delivered to California was steady at $220 per metric ton.
Note: All prices subject to change/confirmation.
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||||||
| COMPANY | STATE | 8/22/2024 | 8/15/2024 | ||||||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||||||
| Missouri | Dry | $150 | $150 | $0 | |||||
| Wet | $80 | $80 | $0 | ||||||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||||||
| Dry | $150 | $150 | $0 | ||||||
| Wet | $60 | $60 | $0 | ||||||
| CHS, Minneapolis, MN (800-769-1066) | |||||||||
| Illinois | Dry | $143 | $143 | $0 | |||||
| Indiana | Dry | $118 | $118 | $0 | |||||
| Iowa | Dry | $130 | $132 | -$2 | |||||
| Michigan | Dry | $125 | $125 | $0 | |||||
| Minnesota | Dry | $118 | $115 | $3 | |||||
| New York | Dry | $135 | $135 | $0 | |||||
| South Dakota | Dry | $120 | $125 | -$5 | |||||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||||||
| Indiana | Dry | $155 | $160 | -$5 | |||||
| Iowa | Dry | $150 | $155 | -$5 | |||||
| Michigan | Dry | $150 | $160 | -$10 | |||||
| Minnesota | Dry | $145 | $150 | -$5 | |||||
| Missouri Subject | Dry | $165 | $165 | $0 | |||||
| Ohio | Dry | $155 | $160 | -$5 | |||||
| South Dakota Subj. | Dry | $150 | $150 | $0 | |||||
| Nebraska Subject | Dry | $148 | $148 | $0 | |||||
| United BioEnergy, Wichita, KS (316-616-3521) | |||||||||
| Kansas | Dry | $155 | $155 | $0 | |||||
| Wet | $65 | $65 | $0 | ||||||
| Illinois sold out | Dry | $0 | $0 | $0 | |||||
| Nebraska | Dry | $155 | $155 | $0 | |||||
| Wet | $65 | $65 | $0 | ||||||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||||||
| Illinois | Dry | $135 | $135 | $0 | |||||
| Indiana | Dry | $130 | $130 | $0 | |||||
| Iowa | Dry | $125 | $115 | $10 | |||||
| Michigan | Dry | $135 | $135 | $0 | |||||
| Minnesota | Dry | $115 | $130 | -$15 | |||||
| Nebraska | Dry | $135 | $135 | $0 | |||||
| New York | Dry | $155 | $155 | $0 | |||||
| North Dakota | Dry | $125 | $120 | $5 | |||||
| Ohio | Dry | $145 | $145 | $0 | |||||
| South Dakota | Dry | $115 | $115 | $0 | |||||
| Wisconsin | Dry | $135 | $135 | $0 | |||||
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||||||
| FOB Pickett | Dry | $135 | $135 | $0 | |||||
| Western Kansas | |||||||||
| Kansas | Dry | $185 | $185 | $0 | |||||
| Wet | $72 | $72 | $0 | ||||||
| Western Milling | |||||||||
| California | Dry | $230 | $230 | $0 | |||||
| **Weekly Average: | $140 | $141 | -$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 | 8/22/2024 | $3.7150 | $132.6786 | ||||||
| Soybean Meal | 8/22/2024 | $306.40 | |||||||
| DDG Weekly Average Spot Price | 8/22/2024 | $140.00 | |||||||
| DDG Value Relative to: | 8/22 | 8/15 | |||||||
| Corn | 1.06% | 1.13% | |||||||
| Soybean Meal | 45.69% | 48.84% | |||||||
| Cost Per Unit of Protein: | |||||||||
| DDG | $5.19 | $7.19 | |||||||
| Soybean Meal | $6.45 | $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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