Market Matters Blog

MINNEAPOLIS (DTN) -- The DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended July 2 was $148 per ton on average, $2 lower versus one week ago.

DDG prices were mixed for the week, but lower on average. The hot weather recently was not good for spot demand as cattle appetites are reduced during hot weather. DTN's National Average Corn Index is up 14 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 July 2 was 0.965%. The value of DDG relative to soybean meal was 54.33% and the cost per unit of protein for DDG was $5.48 compared to the cost per unit of protein for soybean meal at $5.73. (Table is still using July futures.)

The Energy Information Administration reported Wednesday for the week ending June 27, overall ethanol production in the United States averaged 1.076 million barrels per day (bpd), down 5,000 bpd week-on-week and 22,000 bpd, or 2%, higher than in the same week last year. The four-week average output at 1.097 million bpd was 42,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.016 million bpd, down 7,000 bpd week-on-week and 15,000 bpd, or 1.5%, higher than in the same week last year. The four-week average output at 1.038 million bpd was 39,000 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

Follow her on the social platform X @MaryCKenn

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