Market Matters Blog
DTN Weekly DDG Price Higher on Average
MINNEAPOLIS (DTN) -- The DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Sept. 18 was $145 per ton on average, up $2 versus one week ago.
DDG prices were mixed on average for the week, with cash soybean meal and cash corn prices firm for the most part. Ethanol plant production was lower and spot demand has picked up. The DTN National Average Corn Index is up $4 versus one week ago.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Sep 18 was 0.958%. The value of DDG relative to soybean meal was 50.93% and the cost per unit of protein for DDG was $5.37 compared to the cost per unit of protein for soybean meal at $5.99.
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U.S. Grains Council, in its weekly distillers dried grains with solubles (DDGS) export market prices report, showed as of Sept. 18, CIF NOLA barge price was up $6 at $221 metric ton (mt); FOB vessel Gulf price was up $3 at $229 mt; rail delivered PNW was down $8 at $234; and rail delivered to California was down $9 at $225 mt. Low water restrictions set by the USCG remain in place on the Lower Mississippi River, with Memphis at -5.82 below zero gauge and forecast is that it will reach -8 feet by Oct. 1. The USACE has started dredging below Memphis and that will slow traffic further.
The Energy Information Administration reported Wednesday that for the week ended Sept.12, overall ethanol production in the United States averaged 1.055 million barrels per day (bpd), down 50,000 bpd versus last week and 6,000 bpd, or 0.6%, higher than in the same week last year. Four-week average output at 1.076 million bpd was 11,000 bpd above the same four weeks last year. Midwest ethanol production averaged 997,000 bpd, down 50,000 bpd versus last week and 11,000 bpd, or 1.1%, higher than in the same week last year. Four-week average output at 1.020 million bpd was 15,000 bpd above the same four weeks last year.
Note: All prices subject to change/confirmation.
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||||||
| COMPANY | STATE | 9/18/2025 | 9/11/2025 | ||||||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||||||
| Missouri | Dry | $150 | $150 | $0 | |||||
| Wet | $78 | $78 | $0 | ||||||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||||||
| Dry | $150 | $150 | $0 | ||||||
| Wet | $75 | $75 | $0 | ||||||
| CHS, Minneapolis, MN (800-769-1066) | |||||||||
| Illinois | Dry | $150 | $150 | $0 | |||||
| Indiana | Dry | $135 | $135 | $0 | |||||
| Iowa | Dry | $130 | $130 | $0 | |||||
| Michigan | Dry | $145 | $145 | $0 | |||||
| Minnesota | Dry | $130 | $128 | $2 | |||||
| New York | Dry | $160 | $160 | $0 | |||||
| South Dakota | Dry | $135 | $135 | $0 | |||||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||||||
| Indiana | Dry | $165 | $165 | $0 | |||||
| Iowa | Dry | $145 | $145 | $0 | |||||
| Michigan | Dry | $165 | $165 | $0 | |||||
| Minnesota | Dry | $145 | $145 | $0 | |||||
| Missouri | Dry | $160 | $160 | $0 | |||||
| Ohio | Dry | $165 | $165 | $0 | |||||
| South Dakota | Dry | $145 | $145 | $0 | |||||
| Nebraska | Dry | $145 | $145 | $0 | |||||
| United BioEnergy, Wichita, KS (316-616-3521) | |||||||||
| Kansas | Dry | $150 | $150 | $0 | |||||
| Wet | $55 | $55 | $0 | ||||||
| Ill SOLD OUT SEP. | Dry | $0 | $0 | $0 | |||||
| Nebraska | Dry | $150 | $150 | $0 | |||||
| Wet | $45 | $45 | $0 | ||||||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||||||
| Illinois | Dry | $145 | $138 | $7 | |||||
| Indiana | Dry | $140 | $138 | $2 | |||||
| Iowa | Dry | $135 | $129 | $6 | |||||
| Michigan | Dry | $142 | $142 | $0 | |||||
| Minnesota | Dry | $130 | $130 | $0 | |||||
| Nebraska | Dry | $145 | $137 | $8 | |||||
| New York | Dry | $155 | $150 | $5 | |||||
| North Dakota | Dry | $135 | $130 | $5 | |||||
| Ohio | Dry | $145 | $140 | $5 | |||||
| South Dakota | Dry | $135 | $125 | $10 | |||||
| Wisconsin | Dry | $135 | $135 | $0 | |||||
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||||||
| FOB Pickett | Dry | $130 | $130 | $0 | |||||
| Western Kansas | |||||||||
| Dry | $165 | $170 | -$5 | ||||||
| Wet | $58 | $64 | -$6 | ||||||
| Western Milling | |||||||||
| California | Dry | $212 | $212 | $0 | |||||
| **Weekly Average: | $145 | $143 | $2 | ||||||
| (Prices listed per ton) | |||||||||
| **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 | 9/18/2025 | $4.2375 | $151.3393 | ||||||
| Soybean Meal | 9/18/2025 | $284.70 | |||||||
| DDG Weekly Average Spot Price | 9/18/2025 | $145.00 | |||||||
| DDG Value Relative to: | 9/18 | 9/11 | |||||||
| Corn | 0.958% | 0.954% | |||||||
| Soybean Meal | 50.93% | 49.70% | |||||||
| Cost Per Unit of Protein: | |||||||||
| DDG | $5.37 | $5.30 | |||||||
| Soybean Meal | $5.99 | $6.06 | |||||||
| Notes: | |||||||||
| Corn and soybean prices taken 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 the social platform X @MaryCKenn
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