DTN Weekly DDG Price Slightly Higher on Average
DTN's weekly average spot price for domestic distillers dried grains is up $1 on average versus one week ago.
MINNEAPOLIS (DTN) — The DTN price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Feb. 29 was up $1 on average at $195 per ton versus one week ago. Prices did get some support from the higher corn market all week. The DTN National Corn Index was 13 cents higher Thursday versus one week ago.
The Energy Information Administration on Wednesday reported overall ethanol production in the United States averaged 1.078 million barrels per day (bpd) as of Feb. 23, down 6,000 bpd week-on-week and 75,000 bpd, or 7.5%, higher than in the same week last year. Four-week average output at 1.069 million bpd was 58,000 bpd above the same four weeks in 2022. Midwest ethanol production averaged 1.029 million bpd, down 3,000 bpd week-on-week and 71,000 bpd, or 6.9%, higher than in the same week last year. Four-week average output at 1.019 million bpd was 54,000 bpd above the same four weeks in 2022.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Feb. 29 was 1.31%. The value of DDG relative to soybean meal was 58.51 and the cost per unit of protein for DDG was $7.22 compared to the cost per unit of protein for soybean meal at $7.02.
According to U.S. Grains Council weekly DDGS export prices, barge CIF NOLA was down $1 versus last week, FOB Vessel Gulf was down $3, rail delivered California was unchanged and 40-foot containers to Vietnam were unchanged versus one week ago.
Note: All prices subject to change/confirmation.
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||
| COMPANY | STATE | 2/29/2024 | 2/22/2024 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $205 | $210 | -$5 | |
| Wet | $105 | $110 | -$5 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $205 | $210 | -$5 | ||
| Wet | $100 | $105 | -$5 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $205 | $200 | $5 | |
| Indiana | Dry | $175 | $180 | -$5 | |
| Iowa | Dry | $180 | $185 | -$5 | |
| Michigan | Dry | $180 | $185 | -$5 | |
| Minnesota | Dry | $175 | $180 | -$5 | |
| New York | Dry | $195 | $205 | -$10 | |
| South Dakota | Dry | $175 | $190 | -$15 | |
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $210 | $210 | $0 | |
| Iowa | Dry | $195 | $200 | -$5 | |
| Michigan | Dry | $220 | $220 | $0 | |
| Minnesota | Dry | $190 | $195 | -$5 | |
| Missouri | Dry | $215 | $220 | -$5 | |
| Ohio | Dry | $195 | $210 | -$15 | |
| South Dakota | Dry | $195 | $200 | -$5 | |
| Nebraska | Dry | $200 | $200 | $0 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $220 | $220 | $0 | |
| Wet | $70 | $70 | $0 | ||
| Illinois | Dry | $204 | $204 | $0 | |
| Nebraska | Dry | $220 | $220 | $0 | |
| Wet | $70 | $70 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $190 | $190 | $0 | |
| Indiana | Dry | $190 | $190 | $0 | |
| Iowa | Dry | $175 | $175 | $0 | |
| Michigan | Dry | $180 | $180 | $0 | |
| Minnesota | Dry | $185 | $185 | $0 | |
| Nebraska | Dry | $190 | $190 | $0 | |
| New York | Dry | $260 | $260 | $0 | |
| North Dakota | Dry | $190 | $190 | $0 | |
| Ohio | Dry | $190 | $190 | $0 | |
| South Dakota | Dry | $185 | $185 | $0 | |
| Wisconsin | Dry | $180 | $180 | $0 | |
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
| Dry | $185 | $190 | -$5 | ||
| Western Kansas | |||||
| Kansas | Dry | $240 | $240 | $0 | |
| Wet | $75 | $72 | $3 | ||
| Western Milling | |||||
| California Subject | Dry | $285 | $285 | $0 | |
| **Weekly Average: | $195 | $194 | $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 | 2/29/2024 | $4.1575 | $148.4822 |
| Soybean Meal | 2/29/2024 | $333.30 | |
| DDG Weekly Average Spot Price | 2/29/2024 | $195.00 | |
| DDG Value Relative to: | 2/29 | 2/22 | |
| Corn | 1.31% | 1.13% | |
| Soybean Meal | 58.51% | 48.84% | |
| Cost Per Unit of Protein: | |||
| DDG | $7.22 | $7.19 | |
| Soybean Meal | $7.02 | $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 X, formerly known as Twitter, @MaryCKenn