DTN Weekly DDG Price Higher on Average
DTN's weekly average spot price for domestic distillers dried grains is higher versus one week ago.
MINNEAPOLIS (DTN) — The DTN price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Sept. 26 was $1 higher on average at $144 per ton versus one week ago. DDG prices overall were mixed but higher for the week on average. Weekly plant production was lower again, but maintenance should be about done as corn harvest sets in. The DTN National Average Corn Index was up 7 cents versus one week ago.
The U.S. Energy Information Administration reported overall ethanol production in the United States averaged 994,000 barrels per day (bpd) in the week ended Sept. 20, down 55,000 bpd week-on-week and 15,000 bpd, or 1.5%, lower than in the same week last year. Four-week average output at 1.046 million bpd was 36,000 bpd above the same four weeks last year. Midwest ethanol production averaged 932,000 bpd, down 54,000 bpd week-on-week and 19,000 bpd, or 2%, lower than in the same week last year. Four-week average output at 985,000 bpd was 32,000 bpd above the same four weeks last year.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Sept. 26 was 0.98%. The value of DDG relative to soybean meal was 44.42% and the cost per unit of protein for DDG was $5.33 compared to the cost per unit of protein for soybean meal at $6.83.
U.S. Grains Council in its weekly DDGS export market prices report showed as of Sept. 25, October CIF NOLA barge price was at $166 metric ton (mt), down $3 versus one week ago, and FOB vessel Gulf price was unchanged at $185; rail delivered PNW was down $4 at $209 and rail delivered to California was down $1 at $211 mt.
Note: All prices subject to change/confirmation.
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||
| COMPANY | STATE | 9/26/2024 | 9/19/2024 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $165 | $160 | $5 | |
| Wet | $80 | $80 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $165 | $150 | $15 | ||
| Wet | $70 | $60 | $10 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $145 | $145 | $0 | |
| Indiana | Dry | $125 | $120 | $5 | |
| Iowa | Dry | $132 | $130 | $2 | |
| Michigan | Dry | $130 | $125 | $5 | |
| Minnesota | Dry | $130 | $128 | $2 | |
| New York | Dry | $135 | $135 | $0 | |
| South Dakota | Dry | $140 | $135 | $5 | |
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $150 | $155 | -$5 | |
| Iowa | Dry | $150 | $145 | $5 | |
| Michigan | Dry | $150 | $150 | $0 | |
| Minnesota | Dry | $145 | $145 | $0 | |
| Missouri | Dry | $160 | $160 | $0 | |
| Ohio | Dry | $150 | $155 | -$5 | |
| South Dakota | Dry | $150 | $150 | $0 | |
| Nebraska | Dry | $160 | $160 | $0 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $160 | $160 | $0 | |
| Wet | $65 | $65 | $0 | ||
| Illinois | Dry | $154 | $147 | $7 | |
| Nebraska | Dry | $160 | $160 | $0 | |
| Wet | $65 | $65 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $135 | $135 | $0 | |
| Indiana | Dry | $130 | $130 | $0 | |
| Iowa | Dry | $120 | $120 | $0 | |
| Michigan | Dry | $135 | $135 | $0 | |
| Minnesota | Dry | $120 | $120 | $0 | |
| Nebraska | Dry | $145 | $145 | $0 | |
| New York | Dry | $160 | $160 | $0 | |
| North Dakota | Dry | $135 | $135 | $0 | |
| Ohio | Dry | $145 | $145 | $0 | |
| South Dakota | Dry | $125 | $125 | $0 | |
| Wisconsin | Dry | $130 | $130 | $0 | |
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
| FOB Pickett | Dry | $140 | $140 | $0 | |
| Western Kansas | |||||
| Kansas SUBJECT | Dry | $185 | $185 | $0 | |
| Wet | $72 | $72 | $0 | ||
| Western Milling | |||||
| California | Dry | $225 | $220 | $5 | |
| **Weekly Average: | $144 | $143 | $1 | ||
| (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 | 9/26/2024 | $4.1325 | $147.5893 |
| Soybean Meal | 9/26/2024 | $324.20 | |
| DDG Weekly Average Spot Price | 9/26/2024 | $144.00 | |
| DDG Value Relative to: | 9/26 | 9/19 | |
| Corn | 0.98% | 1.13% | |
| Soybean Meal | 44.42% | 48.84% | |
| Cost Per Unit of Protein: | |||
| DDG | $5.33 | $7.19 | |
| Soybean Meal | $6.83 | $8.36 | |
| 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