DDG Weekly Update
DTN Weekly Average DDG Sharply Higher
OMAHA (DTN) -- The average price for domestic distillers dried grains (DDG) from the 40 locations DTN contacted with spot offers for the week ended Oct. 22 was $178 per ton, up $13 on average from the prior week. DDG prices have surged the past week, and some buyers note that the strength in price continues for the rest of this year. CIF NOLA DDGS prices are up $20 per ton this week, due in part to strong demand and logistic issues as the brisk harvest is also creating demand for barges.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Oct. 22 was 119.74%, well above the five-year average of 109%. The value of DDG relative to soybean meal was 46.55%. The cost per unit of protein for DDG was $6.59, compared to the cost per unit of protein for soybean meal at $8.05.
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The Energy Information Administration reported for the week ended Oct. 16 domestic ethanol inventories fell for the third time in four weeks, down 1.5% as plant production fell after two weeks of higher output. Domestic ethanol supply dropped 287,000 barrels in the week profiled, 7.9% below the same week a year ago, while ethanol plant production dropped from a five-week high, falling 2.6% and 8.3% lower than the corresponding week in 2019.
NOTE: All prices listed below can change at any time and are subject to confirmation from seller.
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||
| COMPANY | STATE | 10/14/2020 | 10//2020 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $195 | $178 | $17 | |
| Wet | $97 | $89 | $8 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Missouri Subject | Dry | $195 | $175 | $20 | |
| Wet | $95 | $82 | $13 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $185 | $175 | $10 | |
| Indiana | Dry | $170 | $165 | $5 | |
| Iowa | Dry | $170 | $163 | $7 | |
| Michigan | Dry | $170 | $160 | $10 | |
| Minnesota | Dry | $160 | $155 | $5 | |
| North Dakota | Dry | $155 | $145 | $10 | |
| New York | Dry | $190 | $190 | $0 | |
| South Dakota | Dry | $160 | $155 | $5 | |
| MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253) | |||||
| Kansas | Dry | $180 | $170 | $10 | |
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $190 | $175 | $15 | |
| Iowa | Dry | $181 | $167 | $14 | |
| Michigan | Dry | $180 | $170 | $10 | |
| Minnesota | Dry | $177 | $165 | $12 | |
| Missouri | Dry | $195 | $180 | $15 | |
| Ohio | Dry | $190 | $175 | $15 | |
| South Dakota | Dry | $180 | $165 | $15 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $177 | $168 | $9 | |
| Wet | $75 | $65 | $10 | ||
| Illinois NOVEMBER | Dry | $188 | $178 | $10 | |
| Nebraska | Dry | $177 | $160 | $17 | |
| Wet | $75 | $65 | $10 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $190 | $165 | $25 | |
| Indiana | Dry | $180 | $165 | $15 | |
| Iowa | Dry | $175 | $160 | $15 | |
| Michigan | Dry | $185 | $165 | $20 | |
| Minnesota | Dry | $175 | $155 | $20 | |
| Nebraska | Dry | $180 | $165 | $15 | |
| New York | Dry | $200 | $190 | $10 | |
| North Dakota | Dry | $170 | $145 | $25 | |
| Ohio | Dry | $185 | $170 | $15 | |
| South Dakota | Dry | $160 | $155 | $5 | |
| Wisconsin | Dry | $170 | $150 | $20 | |
| Valero Energy Corp, San Antonio Texas | |||||
| Subject | Indiana | Dry | $183 | $173 | $10 |
| Iowa | Dry | $0 | $0 | $0 | |
| Minnesota | Dry | $0 | $0 | $0 | |
| Nebraska | Dry | $0 | $0 | $0 | |
| Subject | Ohio | Dry | $172 | $162 | $10 |
| South Dakota | Dry | $0 | $0 | $0 | |
| California | Dry | $0 | $0 | $0 | |
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $245 | $235 | $10 | |
| *Prices listed per ton. | |||||
| Weekly Average | $178 | $165 | $13 | ||
| 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 | 10/22/2020 | $4.1625 | $148.66 |
| Soybean Meal | 10/22/2020 | $382.40 | |
| DDG Weekly Average Spot Price | $178.00 | ||
| DDG Value Relative to: | 10/22 | 10/15 | |
| Corn | 119.74% | 116.52% | |
| Soybean Meal | 46.55% | 45.38% | |
| Cost Per Unit of Protein: | |||
| DDG | $6.59 | $6.11 | |
| Soybean Meal | $8.05 | $7.65 | |
| Notes: | |||
| Corn and soybean prices take 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 Twitter @MaryCKenn
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