Market Matters Blog

DTN Weekly DDG Price Steady 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 Aug. 29 is unchanged 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 Aug. 29 was unchanged on average at $140 per ton versus one week ago. DDG prices overall were mixed but prices were steady for the week on average. Weekly plant production was lower and the cash corn price was firm for the week. The DTN National Average Corn Index was up $3 versus one week ago.

Export DDGS are finding support from higher barge freight and the low water issues in the lower Mississippi River, causing barge drafts to be cut. Traffic is moving slower as dredges are busy working to keep the channels open, especially near Memphis where barge groundings have been happening. Water levels at Memphis are currently at minus 5.24 feet below zero gauge.

The U.S. Energy Information Administration reported overall ethanol production in the United States averaged 1.071 million barrels per day (bpd) in the week ended Aug. 23, down 27,000 bpd, week-on-week, while 64,000 bpd, or 6%, higher than in the same week last year. Four-week average output at 1.077 million bpd was 40,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.012 million bpd, down 26,000 bpd week-on-week and 60,000 bpd, or 5.9%, higher than in the same week last year. Four-week average output at 1.018 million bpd was 38,000 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 Aug. 29 was 1.05%. The value of DDG relative to soybean meal was 45.37 and the cost per unit of protein for DDG was $5.19 compared to the cost per unit of protein for soybean meal at $6.50.

Note: All prices subject to change/confirmation.

ALL PRICES SUBJECT TO CONFIRMATION CURRENT CURRENT CHANGE
COMPANY STATE 8/29/2024 8/22/2024
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 $142 $143 -$1
Indiana Dry $118 $118 $0
Iowa Dry $130 $130 $0
Michigan Dry $125 $125 $0
Minnesota Dry $120 $118 $2
New York Dry $135 $135 $0
South Dakota Dry $120 $120 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $155 $155 $0
Iowa Dry $150 $150 $0
Michigan Dry $150 $150 $0
Minnesota Dry $145 $145 $0
Missouri Dry $165 $165 $0
Ohio Dry $155 $155 $0
South Dakota Dry $150 $150 $0
Nebraska 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 $120 $125 -$5
Michigan Dry $135 $135 $0
Minnesota Dry $110 $115 -$5
Nebraska Dry $140 $135 $5
New York Dry $160 $155 $5
North Dakota Dry $130 $125 $5
Ohio Dry $145 $145 $0
South Dakota Dry $120 $115 $5
Wisconsin Dry $130 $135 -$5
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $135 $135 $0
Western Kansas
Kansas Dry $175 $185 -$10
Wet $70 $72 -$2
Western Milling
California Dry $225 $230 -$5
**Weekly Average: $140 $140 $0
(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 8/29/2024 $3.7175 $132.7679
Soybean Meal 8/29/2024 $308.60
DDG Weekly Average Spot Price 8/29/2024 $140.00
DDG Value Relative to: 8/29 8/22
Corn 1.05% 1.13%
Soybean Meal 45.37% 48.84%
Cost Per Unit of Protein:
DDG $5.19 $7.19
Soybean Meal $6.50 $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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