Market Matters Blog
DTN Weekly DDG Average Price Higher Again
MINNEAPOLIS (DTN) -- The DTN price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Oct. 31 was up $2 on average at $150 per ton versus one week ago. DDG prices were mixed but higher on average for the week in spite of weaker cash corn and soybean meal prices. The DTN National Average Corn Index was down 9 cents versus one week ago.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Oct. 31 was 1.02%. The value of DDG relative to soybean meal was 50.08% and the cost per unit of protein for DDG was $5.56 compared to the cost per unit of protein for soybean meal at $6.31.
U.S. Grains Council in its weekly DDGS export market prices report showed as of Oct. 30, CIF NOLA barge price was up $6 at $187 metric ton (mt), FOB vessel Gulf price was up $7 at $193; rail delivered PNW was steady at $211, and rail delivered to California was 2 cents weaker at $209 mt.
The rising cost of freight and logistical issues on land and water have been supportive to export prices. Here is my most recent story on low water issues: https://www.dtnpf.com/…
The U.S. Energy Information Administration reported overall ethanol production in the U.S. averaged 1.082 million barrels per day (bpd) in the week ended Oct. 25, up 1,000 bpd week-on-week to the highest level since the week ended Aug. 16 and 30,000 bpd, or 2.8%, higher than in the same week last year. Four-week average output at 1.061 million bpd was 28,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.023 million bpd, up 9,000 bpd week-on-week and 30,000 bpd, or 2.9% higher than in the same week last year. Four-week average output at 1 million bpd was 21,000 bpd above the same four weeks last year.
Note: All prices subject to change/confirmation.
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||
| COMPANY | STATE | 10/31/2024 | 10/24/2024 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $165 | $165 | $0 | |
| Wet | $80 | $80 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $165 | $160 | $5 | ||
| Wet | $75 | $75 | $0 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $150 | $150 | $0 | |
| Indiana | Dry | $130 | $125 | $5 | |
| Iowa | Dry | $138 | $138 | $0 | |
| Michigan | Dry | $135 | $135 | $0 | |
| Minnesota | Dry | $135 | $135 | $0 | |
| New York | Dry | $160 | $165 | -$5 | |
| South Dakota | Dry | $145 | $150 | -$5 | |
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $155 | $155 | $0 | |
| Iowa | Dry | $155 | $155 | $0 | |
| Michigan | Dry | $155 | $155 | $0 | |
| Minnesota | Dry | $150 | $150 | $0 | |
| Missouri | Dry | $160 | $160 | $0 | |
| Ohio | Dry | $155 | $155 | $0 | |
| South Dakota | Dry | $155 | $155 | $0 | |
| Nebraska | Dry | $163 | $160 | $3 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $175 | $165 | $10 | |
| Wet | $80 | $70 | $10 | ||
| Illinois | Dry | $155 | $152 | $3 | |
| Nebraska | Dry | $175 | $165 | $10 | |
| Wet | $80 | $70 | $10 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $145 | $140 | $5 | |
| Indiana | Dry | $140 | $140 | $0 | |
| Iowa | Dry | $135 | $130 | $5 | |
| Michigan | Dry | $140 | $140 | $0 | |
| Minnesota | Dry | $135 | $130 | $5 | |
| Nebraska | Dry | $160 | $155 | $5 | |
| New York | Dry | $165 | $165 | $0 | |
| North Dakota | Dry | $145 | $145 | $0 | |
| Ohio | Dry | $145 | $145 | $0 | |
| South Dakota | Dry | $130 | $130 | $0 | |
| Wisconsin | Dry | $135 | $135 | $0 | |
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
| FOB Pickett | Dry | $145 | $145 | $0 | |
| Western Kansas | |||||
| Kansas | Dry | $182 | $182 | $0 | |
| Wet | $72 | $70 | $2 | ||
| Western Milling | |||||
| California | Dry | $210 | $210 | $0 | |
| **Weekly Average: | $150 | $148 | $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 | 10/31/2024 | $4.1075 | $146.6964 |
| Soybean Meal | 10/31/2024 | $299.50 | |
| DDG Weekly Average Spot Price | 10/31/2024 | $150.00 | |
| DDG Value Relative to: | 10/31 | ||
| Corn | 1.02% | ||
| Soybean Meal | 50.08% | ||
| Cost Per Unit of Protein: | |||
| DDG | $5.56 | ||
| Soybean Meal | $6.31 | ||
| 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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