DDG Weekly Update

DDG Prices Turn Lower

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DTN's weekly spot price for domestic distillers dried grains was $4 lower on average at $160 per ton. (DTN file photo by Elaine Shein)

OMAHA (DTN) -- The domestic distillers dried grains average spot price from the 40 locations DTN contacted was $4 lower, at $160 per ton, for the week ended Jan. 3, versus two weeks ago.

Spot truck values are lower as we start the new year. The Eastern Corn Belt is still seeing price weakness because of the quality issues there. Elsewhere, demand has slowed the holidays, which is pressuring prices for now.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Jan. 3 was at 117.97%. The value of DDG relative to soybean meal was at 51.17%. The cost per unit of protein for DDG was $5.93, compared to the cost per unit of protein for soybean meal at $6.58.

In their weekly price report, U.S. Grains Council noted that, "DDGS at the U.S. Gulf are at $226 per metric ton for January 2019 delivery and decreasing into the deferred months. On average, 40-foot containers to Southeast Asian destinations were down $1 per metric ton (mt) this week from the last reported price series. U.S. rail freight is down as well."

ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 1/3/2019 12/20/2018
Bartlett and Company, Kansas City, MO (816-753-6300)
Missouri Dry $180 $185 -$5
Modified $90 $93 -$3
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Missouri Subject Dry $170 $180 -$10
Wet $90 $90 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $150 $165 -$15
Indiana Dry $150 $160 -$10
Iowa Dry $152 $160 -$8
Michigan Dry $145 $155 -$10
Minnesota Dry $150 $160 -$10
North Dakota Dry $155 $170 -$15
New York Dry $155 $165 -$10
South Dakota Dry $160 $160 $0
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
Kansas Dry $170 $170 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $162 $167 -$5
Iowa Dry $175 $180 -$5
Michigan Dry $140 $145 -$5
Minnesota Dry $165 $175 -$10
Missouri Dry $185 $180 $5
Ohio Dry $160 $160 $0
South Dakota Dry $165 $165 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $150 $150 $0
Wet $60 $60 $0
Illinois Dry $160 $160 $0
Nebraska Dry $150 $150 $0
Wet $60 $60 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $155 $155 $0
Indiana Dry $155 $155 $0
Iowa Dry $165 $170 -$5
Michigan Dry $155 $155 $0
Minnesota Dry $160 $175 -$15
Nebraska Dry $170 $180 -$10
New York Dry $175 $180 -$5
North Dakota Dry $170 $180 -$10
Ohio Dry $155 $155 $0
South Dakota Dry $170 $170 $0
Wisconsin Dry $145 $150 -$5
Valero Energy Corp, San Antonio Texas (210-345-3362) (210-345-3362)
Indiana Dry $160 $160 $0
Iowa Dry $150 $150 $0
Minnesota Dry $160 $160 $0
Nebraska Dry $160 $160 $0
Ohio Dry $160 $160 $0
South Dakota Dry $160 $160 $0
California $225 $225 $0
Western Milling, Goshen, California (559-302-1074)
California Dry $225 $228 -$3
*Prices listed per ton.
Weekly Average $160 $164 -$4
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 1/3/2019 $3.7975 $135.63
Soybean Meal 1/3/2019 $312.70
DDG Weekly Average Spot Price $160.00
DDG Value Relative to: 12/20 12/20
Corn 117.97% 122.37%
Soybean Meal 51.17% 53.30%
Cost Per Unit of Protein:
DDG $5.93 $6.07
Soybean Meal $6.58 $6.48
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

(BAS/AG)

Mary Kennedy

Mary Kennedy
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