Market Matters Blog

MINNEAPOLIS (DTN) -- The DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended March 20 was steady on average at $154 per ton versus one week ago. DDG prices were mixed again for the week, but steady on average. The cash corn price was higher versus one week ago, while soybean meal prices were weaker. The DTN National Average Corn Index was up 6 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 March 20 was 0.919%. The value of DDG relative to soybean meal was 51.83% and the cost per unit of protein for DDG was $5.70 compared to the cost per unit of protein for soybean meal at $6.25.

U.S. Grains Council, in its weekly distillers dried grains with solubles (DDGS) April export market prices report showed as of March 20, CIF NOLA barge price was up $3 at $211 metric ton (mt); FOB vessel Gulf price was up $2 at $221 mt; rail delivered PNW was up $4 at $240; and rail delivered to California was down $1 at $241 mt.

The U.S. Energy Information Administration reported overall ethanol production in the United States for the week ended March 14 averaged 1.105 million barrels per day (bpd), up 43,000 bpd week-on-week and 51,000 bpd, or 4.6%, higher than in the same week last year. Four-week average output at 1.085 million bpd was 40,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.057 million bpd, up 49,000 bpd week-on-week and 50,000 bpd, or 4.7%, higher than in the same week last year. Four-week average output at 1.034 million bpd was 38,000 bpd above the same four weeks last year.

Note: All prices subject to change/confirmation.

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

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