DTN Weekly DDG Price Steady on Average
DTN's weekly average spot price for domestic distillers dried grains is steady versus one week ago.
MINNEAPOLIS (DTN) — The DTN price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Sept. 12 was steady on average at $141 per ton versus one week ago. DDG prices overall were mixed but prices were steady for the week on average. Weekly plant production was higher, but plants are heading into fall maintenance this month. Demand for corn at ethanol plants remains firm but the cash corn price could weaken as harvest starts to ramp up. The DTN National Average Corn Index was down 4 cents versus one week ago.
The U.S. Energy Information Administration reported overall ethanol production in the United States averaged 1.08 million barrels per day (bpd) in the first week of September, up 19,000 bpd week-on-week and 41,000 bpd, or 3.8%, higher than the same week last year. Four-week average output at 1.078 million bpd was 52,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.019 million bpd, up 17,000 bpd week-on-week and 37,000 bpd, or 3.6%, higher than in the same week last year. Four-week average output at 1.018 million bpd was 49,000 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. 12 was 1.02%. The value of DDG relative to soybean meal was 44.55 and the cost per unit of protein for DDG was $5.22 compared to the cost per unit of protein for soybean meal at $6.66. (Table is still stuck on September futures).
U.S. Grains Council in its weekly DDGS export market prices report showed as of Sept. 11, October CIF NOLA barge price was at $177 metric ton (mt), down $1 versus one week ago, and FOB vessel Gulf price was up $3 at $189; rail delivered PNW was up $3 at $214 and rail delivered to California was down $18 at $212 mt.
Note: All prices subject to change/confirmation.
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||
| COMPANY | STATE | 9/12/2024 | 9/5/2024 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $160 | $155 | $5 | |
| Wet | $80 | $80 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $150 | $150 | $0 | ||
| Wet | $60 | $60 | $0 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $145 | $142 | $3 | |
| Indiana | Dry | $120 | $120 | $0 | |
| Iowa | Dry | $130 | $130 | $0 | |
| Michigan | Dry | $125 | $120 | $5 | |
| Minnesota | Dry | $125 | $125 | $0 | |
| New York | Dry | $135 | $135 | $0 | |
| South Dakota | Dry | $130 | $130 | $0 | |
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $155 | $155 | $0 | |
| Iowa | Dry | $145 | $150 | -$5 | |
| Michigan | Dry | $150 | $150 | $0 | |
| Minnesota | Dry | $145 | $145 | $0 | |
| Missouri | Dry | $160 | $165 | -$5 | |
| Ohio | Dry | $155 | $155 | $0 | |
| South Dakota | Dry | $150 | $150 | $0 | |
| Nebraska | Dry | $150 | $148 | $2 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $160 | $160 | $0 | |
| Wet | $65 | $65 | $0 | ||
| Illinois | Dry | $150 | $150 | $0 | |
| 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 | $110 | $110 | $0 | |
| Nebraska | Dry | $140 | $140 | $0 | |
| New York | Dry | $160 | $160 | $0 | |
| North Dakota | Dry | $130 | $130 | $0 | |
| Ohio | Dry | $145 | $145 | $0 | |
| South Dakota | Dry | $120 | $120 | $0 | |
| Wisconsin | Dry | $130 | $130 | $0 | |
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
| W/O 9-22 FOBPickett | Dry | $137 | $137 | $0 | |
| Western Kansas | |||||
| Kansas | Dry | $175 | $175 | $0 | |
| Wet | $70 | $70 | $0 | ||
| Western Milling | |||||
| California | Dry | $220 | $230 | -$10 | |
| **Weekly Average: | $141 | $141 | $0 | ||
| (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 | 9/12/2024 | $3.8625 | $137.9464 |
| Soybean Meal | 9/12/2024 | $316.50 | |
| DDG Weekly Average Spot Price | 9/12/2024 | $141.00 | |
| DDG Value Relative to: | 9/12 | 9/5 | |
| Corn | 1.02% | 1.13% | |
| Soybean Meal | 44.55% | 48.84% | |
| Cost Per Unit of Protein: | |||
| DDG | $5.22 | $7.19 | |
| Soybean Meal | $6.66 | $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