Market Matters Blog
DTN Weekly Average DDG Price Slightly Lower
OMAHA (DTN) -- The domestic distillers dried grains (DDG) weekly spot price from the 40 locations DTN contacted was down $1 on average at $147 per ton for the week ended Feb. 6. Prices are mixed again this week, and with the lack of extreme cold weather in much of the Midwest, demand has slowed.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Feb. 6 was at 108.53%. The value of DDG relative to soybean meal was at 51.00%. The cost per unit of protein for DDG was $5.44, compared to the cost per unit of protein for soybean meal at $6.07.
In its weekly DDGS export update the U.S. Grains Council noted, DDGS markets were mixed this week with Barge CIF NOLA and FOB NOLA offers softening slightly while U.S. rail rates are up $1 to $4 per metric ton (mt). Demand from buyers in Asia is increasing with noted strength in prices for 40-foot containers to certain destinations. In particular, values for DDGS to Thailand are up $10/mt for March and April shipment while offers for product to Vietnam are up $4 to $6/mt. On average, DDGS containers to Southeast Asia are up $3 to $4/mt for March and April shipment, with prices averaging $247/mt."
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
The U.S. Census Bureau said Wednesday that U.S. exports of DDGS totaled 767,682 mt in December, down from 911,569 mt in November and down 12% from a year ago. Mexico was the top destination in December, taking 19% and followed by South Korea, Indonesia and Vietnam. For all of 2019, U.S. exports of DDGS were down 9% from a year ago.
* CIF (cost, insurance and freight paid by seller) NOLA (New Orleans)
* FOB (free on board means buyer pays costs of ocean freight,
insurance, unloading, and transportation from originating port)
ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||
COMPANY | STATE | 1/6/2020 | 1/30/2020 | ||
Bartlett and Company, Kansas City, MO (816-753-6300) | |||||
Missouri | Dry | $155 | $160 | -$5 | |
Wet | $78 | $80 | -$2 | ||
Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
Missouri | Dry | $150 | $155 | -$5 | |
Wet | $78 | $80 | -$2 | ||
CHS, Minneapolis, MN (800-769-1066) | |||||
Illinois | Dry | $155 | $150 | $5 | |
Indiana | Dry | $150 | $145 | $5 | |
Iowa | Dry | $135 | $135 | $0 | |
Michigan | Dry | $145 | $140 | $5 | |
Minnesota | Dry | $135 | $135 | $0 | |
North Dakota | Dry | $140 | $140 | $0 | |
New York | Dry | $150 | $150 | $0 | |
South Dakota | Dry | $135 | $135 | $0 | |
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253) | |||||
Kansas | Dry | $148 | $148 | $0 | |
POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
Indiana | Dry | $155 | $155 | $0 | |
Iowa | Dry | $142 | $144 | -$2 | |
Michigan | Dry | $150 | $150 | $0 | |
Minnesota | Dry | $140 | $140 | $0 | |
Missouri | Dry | $155 | $158 | -$3 | |
Ohio | Dry | $160 | $160 | $0 | |
South Dakota | Dry | $152 | $152 | $0 | |
United BioEnergy, Wichita, KS (316-616-3521) | |||||
Kansas | Dry | $150 | $155 | -$5 | |
Wet | $55 | $60 | -$5 | ||
Illinois FEB | Dry | $162 | $162 | $0 | |
Nebraska | Dry | $150 | $155 | -$5 | |
Wet | $50 | $65 | -$15 | ||
U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
Illinois | Dry | $152 | $150 | $2 | |
Indiana | Dry | $155 | $155 | $0 | |
Iowa | Dry | $140 | $140 | $0 | |
Michigan | Dry | $150 | $150 | $0 | |
Minnesota | Dry | $140 | $140 | $0 | |
Nebraska | Dry | $135 | $140 | -$5 | |
New York | Dry | $160 | $160 | $0 | |
North Dakota | Dry | $145 | $150 | -$5 | |
Ohio | Dry | $160 | $160 | $0 | |
South Dakota | Dry | $140 | $140 | $0 | |
Wisconsin | Dry | $143 | $143 | $0 | |
Valero Energy Corp, San Antonio Texas | |||||
Indiana | Dry | $150 | $150 | $0 | |
Iowa | Dry | $140 | $140 | $0 | |
Minnesota | Dry | $140 | $140 | $0 | |
Nebraska | Dry | $145 | $145 | $0 | |
Ohio | Dry | $160 | $160 | $0 | |
South Dakota | Dry | $140 | $140 | $0 | |
California | Dry | $204 | $204 | $0 | |
Western Milling, Goshen, California (559-302-1074) | |||||
California | Dry | $212 | $212 | $0 | |
*Prices listed per ton. | |||||
Weekly Average | $147 | $148 | -$1 | ||
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. |
**
Settlement Price: | Quote Date | Bushel | Short Ton |
Corn | 2/6/2020 | $3.7925 | $135.45 |
Soybean Meal | 2/6/2020 | $288.20 | |
DDG Weekly Average Spot Price | $147.00 | ||
DDG Value Relative to: | 2/6 | 1/30 | |
Corn | 108.53% | 109.20% | |
Soybean Meal | 51.00% | 50.77% | |
Cost Per Unit of Protein: | |||
DDG | $5.44 | $5.48 | |
Soybean Meal | $6.07 | $6.14 | |
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/CZ)
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