Market Matters Blog

MINNEAPOLIS (DTN) -- The DTN price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Sept. 12 was steady on average at $141 per ton versus one week ago. DDG prices overall were mixed but prices were steady for the week on average. Weekly plant production was higher, but plants are heading into fall maintenance this month. Demand for corn at ethanol plants remains firm but the cash corn price could weaken as harvest starts to ramp up. The DTN National Average Corn Index was down 4 cents versus one week ago.

The U.S. Energy Information Administration reported overall ethanol production in the United States averaged 1.08 million barrels per day (bpd) in the first week of September, up 19,000 bpd week-on-week and 41,000 bpd, or 3.8%, higher than the same week last year. Four-week average output at 1.078 million bpd was 52,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.019 million bpd, up 17,000 bpd week-on-week and 37,000 bpd, or 3.6%, higher than in the same week last year. Four-week average output at 1.018 million bpd was 49,000 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 Sept. 12 was 1.02%. The value of DDG relative to soybean meal was 44.55 and the cost per unit of protein for DDG was $5.22 compared to the cost per unit of protein for soybean meal at $6.66. (Table is still stuck on September futures).

U.S. Grains Council in its weekly DDGS export market prices report showed as of Sept. 11, October CIF NOLA barge price was at $177 metric ton (mt), down $1 versus one week ago, and FOB vessel Gulf price was up $3 at $189; rail delivered PNW was up $3 at $214 and rail delivered to California was down $18 at $212 mt.

Note: All prices subject to change/confirmation.

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on the social platform X @MaryCKenn

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