Market Matters Blog           02/13 11:21

   DTN Weekly DDG Price Steady on Average

   DTN's weekly average spot price for domestic distillers dried grains is 
unchanged versus one week ago.

Mary Kennedy
DTN Basis Analyst

   MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers 
dried grains (DDG) from 33 locations reporting for the week ended Feb. 12 was 
$166 per ton on average, unchanged versus one week ago.

   DDG prices were mixed but steady on average for the week, with the cash corn 
price lower and soybean meal prices up $4.70 versus one week ago. As for cash 
corn, the DTN National Average Corn Index was down 5 cents versus one week ago.

   Based on the average of prices collected by DTN, the value of DDG relative 
to corn for the week ended Feb. 12 was 1.078%. The value of DDG relative to 
soybean meal was 53.91%, and the cost per unit of protein for DDG was $6.15 
compared to the cost per unit of protein for soybean meal at $6.48.

   U.S. Grains and Bioproducts Council, in its weekly distillers dried grains 
with solubles (DDGS) export market prices report, showed March prices as of 
Feb. 12: CIF NOLA barge price was down $12 at $230 metric ton (mt) versus on 
week ago; FOB vessel Gulf price was down $1 at $258 mt; rail delivered PNW was 
up $14 at $269; and rail delivered to California was up $10 at $20 mt.

   Ethanol production in the United States averaged 1.11 million barrels per 
day in the week ended Feb. 6, according to the Energy Information 
Administration report Wednesday. That was up 154,000 bpd versus last week and 
26,000 bpd, or 2.3%, higher than in the same week last year. Four-week average 
output at 1.075 million bpd was 2,000 bpd above the same four weeks last year. 
Midwest ethanol production averaged 1.053 million bpd, up 151,000 bpd versus 
last week and 20,000 bpd, or 1.9%, higher than in the same week last year. 
Four-week average output at 1.019 million bpd was 1,000 bpd below the same four 
weeks last year.

   Note: All prices subject to change/confirmation.

ALL PRICES SUBJECT TO CONFIRMATION            CURRENT       PREVIOUS     CHANGE
COMPANY     STATE                             2/12/2025     2/5/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
            Missouri                    Dry   $175          $175         $0
                                        Wet   $90           $90          $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
                                        Dry   $175          $175         $0
                                        Wet   $95           $95          $0
CHS, Minneapolis, MN (800-769-1066)
            Illinois                    Dry   $177          $163         $14
            Indiana                     Dry   $155          $152         $3
            Iowa                        Dry   $150          $148         $2
            Michigan                    Dry   $155          $152         $3
            Minnesota                   Dry   $150          $148         $2
            New York                    Dry   $199          $192         $7
            South Dakota                Dry   $175          $170         $5
POET Nutrition, Sioux Falls, SD (888-327-8799)
            Indiana                     Dry   $185          $185         $0
            Iowa                        Dry   $170          $180         -$10
            Michigan                    Dry   $180          $180         $0
            Minnesota                   Dry   $170          $180         -$10
            Missouri                    Dry   $175          $175         $0
            Ohio                        Dry   $185          $185         $0
            South Dakota                Dry   $165          $165         $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 Feb.           Dry   $175          $170         $5
            Nebraska                    Dry   $170          $170         $0
                                        Wet   $65           $65          $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
            Illinois                    Dry   $165          $165         $0
            Indiana                     Dry   $155          $155         $0
            Iowa                        Dry   $150          $150         $0
            Michigan                    Dry   $155          $155         $0
            Minnesota                   Dry   $145          $145         $0
            Nebraska                    Dry   $160          $160         $0
            New York                    Dry   $185          $185         $0
            North Dakota                Dry   $165          $165         $0
            Ohio                        Dry   $170          $170         $0
            South Dakota                Dry   $160          $160         $0
            Wisconsin                   Dry   $150          $150         $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
            FOB Pickett                 Dry   $145          $145         $0
Western Kansas
                                        Dry   $195          $195         $0
                                        Wet   $74           $74          $0
Western Milling
            California                  Dry   $252          $245         $7
**Weekly Average:                             $166          $166         $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                                    2/12/2026     $4.3125   $154.0179
Soybean Meal                            2/12/2026               $307.90
DDG Weekly Average Spot Price           2/12/2026               $166.00
DDG Value Relative to:                                2/12      2/5
Corn                                                  1.078%    1.069%
Soybean Meal                                          53.91%    54.75%
Cost Per Unit of Protein:
DDG                                                   $6.15     $6.15
Soybean Meal                                          $6.48     $6.38
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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