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Market Matters Blog 01/23 11:27
DTN Weekly DDG Price Slightly Higher on Average
DTN's weekly average spot price for domestic distillers dried grains is
higher versus one week ago.
Mary Kennedy
DTN Basis Analyst
MINNEAPOLIS (DTN) -- The DTN spot price for domestic distillers dried grains
(DDG) from 33 locations reporting for the week ended Jan. 22 was $162 per ton
on average, $1 higher versus one week ago.
DDG prices were mixed but slightly higher on average for the week, with the
cash corn price recovering some of last week's losses and soybean meal prices
up $7.00 versus one week ago. As for cash corn, the DTN National Average Corn
Index was up 5 cents versus one week ago.
U.S. Grains and Bioproducts Council, in its weekly distillers dried grains
with solubles (DDGS) export market prices report, showed February prices as of
Jan. 22: CIF NOLA barge price was steady at $220 metric ton (mt) versus on week
ago; FOB vessel Gulf price was up $7 at $251 mt; rail delivered PNW was up 4 at
$260; and rail delivered to California was down $14 at $236 mt.
Ethanol production in the United States averaged 1.119 million barrels per
day (bpd) in the week ended Jan. 16, bpd, down 77,000 bpd versus prior week and
12,000 bpd, or 1.1%, higher than in the same week last year, the Energy
Information Administration reported on Wednesday. Four-week average output at
1.119 million bpd was 26,000 bpd above the same four weeks last year Midwest
ethanol production averaged 1.066 million bpd, down 73,000 bpd versus prior
week and 21,000 bpd, or 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 1/22/2025 1/15/
2025
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $180 $185 -$5
Wet $90 $90 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $170 $170 $0
Wet $90 $90 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $160 $160 $0
Indiana Dry $150 $150 $0
Iowa Dry $145 $145 $0
Michigan Dry $150 $150 $0
Minnesota Dry $145 $147 -$2
New York Dry $182 $180 $2
South Dakota Dry $155 $160 -$5
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $185 $185 $0
Iowa Dry $175 $165 $10
Michigan Dry $180 $180 $0
Minnesota Dry $175 $165 $10
Missouri Dry $175 $175 $0
Ohio Dry $180 $180 $0
South Dakota Dry $163 $163 $0
Nebraska Dry $168 $168 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $180 $180 $0
Wet $70 $70 $0
Ill SOLD OUT Jan. Dry $170 $170 $0
Nebraska Dry $170 $170 $0
Wet $65 $65 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $155 $155 $0
Indiana Dry $145 $145 $0
Iowa Dry $140 $140 $0
Michigan Dry $145 $145 $0
Minnesota Dry $140 $140 $0
Nebraska Dry $160 $150 $10
New York Dry $175 $175 $0
North Dakota Dry $160 $160 $0
Ohio Dry $160 $160 $0
South Dakota Dry $150 $150 $0
Wisconsin Dry $140 $140 $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $140 $140 $0
Western Kansas
Dry $205 $210 -$5
Wet $67 $71 -$4
Western Milling
California SUBJ Dry $236 $240 -$4
**Weekly Average: $162 $161 $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.
NO VALUE OF DDG VS. CORN & SOYBEAN MEAL table today.
Settlement Price: Quote Date Bushel Short Ton
Corn
Soybean Meal
DDG Weekly Average Spot Price
DDG Value Relative to:
Corn
Soybean Meal
Cost Per Unit of Protein:
DDG
Soybean Meal
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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