Market Matters Blog
DTN Weekly Average DDG Price Higher Again
MINNEAPOLIS (DTN) -- The DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Dec. 18 was $164 per ton on average, up $3 versus one week ago.
DDG prices were mixed but higher on average again for the week, even with the cash corn price slightly lower, while soybean meal prices were slightly higher, up $0.20 versus one week ago. As for cash corn, the DTN National Average Corn Index was down 2 cents versus one week ago. The extreme cold weather has helped spot demand given cattle need more to eat when it is cold.
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Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Dec 18 was 1.033%. The value of DDG relative to soybean meal was 54.25% and the cost per unit of protein for DDG was $6.07 compared to the cost per unit of protein for soybean meal at $6.36.\
U.S. Grains Council, in its weekly distillers dried grains with solubles (DDGS) export market prices report, showed January prices as of Dec. 18: CIF NOLA barge price was up $6 at $225 metric ton (mt); FOB vessel Gulf price was down $3 at $234 mt; rail delivered PNW was down $7 at $277; and rail delivered to California was down $3 at $273 mt.
The Energy Information Administration reported Wednesday that ethanol production in the United States averaged 1.131 million barrels per day (bpd) in the week ended Dec. 10, up 26,000 bpd versus prior week and 24,000 bpd, or 2.2%, higher than in the same week last year, and hitting a new record for the week. Four-week average output at 1.119 million bpd was 26,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.078 million bpd, up 32,000 bpd versus prior week and 33,000 bpd, or 3.2%, higher than in the same week last year. Four-week average output at 1.062 million bpd was 31,000 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 | 12/18/2025 | 12/11/2025 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $190 | $180 | $10 | |
| Wet | $90 | $90 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $180 | $175 | $5 | ||
| Wet | $95 | $92 | $3 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $163 | $162 | $1 | |
| Indiana | Dry | $150 | $145 | $5 | |
| Iowa | Dry | $150 | $147 | $3 | |
| Michigan | Dry | $150 | $150 | $0 | |
| Minnesota | Dry | $150 | $150 | $0 | |
| New York | Dry | $178 | $178 | $0 | |
| South Dakota | Dry | $170 | $170 | $0 | |
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $175 | $165 | $10 | |
| Iowa | Dry | $170 | $170 | $0 | |
| Michigan | Dry | $175 | $168 | $7 | |
| Minnesota | Dry | $170 | $170 | $0 | |
| Missouri | Dry | $178 | $175 | $3 | |
| Ohio | Dry | $175 | $165 | $10 | |
| South Dakota | Dry | $172 | $165 | $7 | |
| Nebraska | Dry | $178 | $175 | $3 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $180 | $170 | $10 | |
| Wet | $70 | $55 | $15 | ||
| Ill SOLD OUT DEC | Dry | $170 | $165 | $5 | |
| Nebraska | Dry | $170 | $165 | $5 | |
| Wet | $65 | $55 | $10 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $155 | $155 | $0 | |
| Indiana | Dry | $145 | $145 | $0 | |
| Iowa | Dry | $145 | $145 | $0 | |
| Michigan | Dry | $145 | $145 | $0 | |
| Minnesota | Dry | $145 | $145 | $0 | |
| Nebraska | Dry | $165 | $165 | $0 | |
| New York | Dry | $175 | $175 | $0 | |
| North Dakota | Dry | $165 | $165 | $0 | |
| Ohio | Dry | $160 | $160 | $0 | |
| South Dakota | Dry | $155 | $155 | $0 | |
| Wisconsin | Dry | $140 | $140 | $0 | |
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
| FOB Pickett | Dry | $137 | $137 | $0 | |
| Western Kansas | |||||
| Dry | $203 | $196 | $7 | ||
| Wet | $74 | $72 | $2 | ||
| Western Milling | |||||
| California | Dry | $252 | $252 | $0 | |
| **Weekly Average: | $164 | $161 | $3 | ||
| (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 | 12/18/2025 | $4.4450 | $158.7500 | |
| Soybean Meal | 12/18/2025 | $302.30 | ||
| DDG Weekly Average Spot Price | 12/18/2025 | $164.00 | ||
| DDG Value Relative to: | 12/18 | 12/11 | ||
| Corn | 1.033% | 1.010% | ||
| Soybean Meal | 54.25% | 53.29% | ||
| Cost Per Unit of Protein: | ||||
| DDG | $6.07 | $5.96 | ||
| Soybean Meal | $6.36 | $6.36 | ||
| 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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