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Market Matters Blog 05/09 12:26
DTN Weekly DDG Price Slightly Lower on Average
DTN's weekly average spot price for domestic distillers dried grains is
slightly lower 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 May 8 was down $1 on
average versus one week ago at $155 per ton.
DDG prices were mixed for the week, but down $1 on average pressured by
lower cash corn and soybean meal prices this week. DTN National Average Corn
Index is down 23 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 May 8 was 0.989%. The value of DDG relative to
soybean meal was 53.86% and the cost per unit of protein for DDG was $5.74
compared to the cost per unit of protein for soybean meal at $6.06. (Chart is
still using K futures.)
U.S. Grains Council, in its weekly distillers dried grains with solubles
(DDGS) June export market prices report, showed that as of May 8, CIF NOLA
barge price was steady at $212 metric ton (mt); FOB vessel Gulf price was up $2
at $226 mt; rail delivered PNW was down $2 at $249; and rail delivered to
California was down $3 at $245 mt.
The U.S. Energy Information Administration reported that as of May 2,
overall ethanol production in the United States averaged 1.02 million bpd, down
20,000 bpd week-on-week and 55,000 bpd, or 5.4% higher, than in the same week
last year. Four-week average output at 1.026 million bpd was 54,000 bpd above
the same four weeks of 2024. Midwest ethanol production averaged 968,000 bpd,
down 12,000 bpd week-on-week and 54,000 bpd, or 5.6% higher than in the same
week last year. Four-week average output at 970,000 bpd was 52,000 bpd above
the same four weeks last year.
USDA used Census Bureau data released on Tuesday to provide more details for
exports DDGS. U.S. exports of DDGS totaled 1,027,002 mt in March, up from
849,645 mt in February but down 3% from March 2024. DDGS exports are running 9%
behind 2024 through the first three months of 2025 thus far. Mexico was the top
destination in March, taking 22% of U.S. exports and was followed by South
Korea and Indonesia.
Note: All prices subject to change/confirmation.
ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 5/8/2025 5/1/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $160 $165 -$5
Wet $80 $80 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $160 $160 $0
Wet $80 $80 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $152 $152 $0
Indiana Dry $148 $148 $0
Iowa Dry $148 $148 $0
Michigan Dry $154 $154 $0
Minnesota Dry $145 $145 $0
New York Dry $170 $170 $0
South Dakota Dry $155 $150 $5
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $172 $172 $0
Iowa Dry $160 $165 -$5
Michigan Dry $175 $175 $0
Minnesota Dry $160 $165 -$5
Missouri Dry $160 $165 -$5
Ohio Dry $172 $172 $0
South Dakota Dry $155 $155 $0
Nebraska Dry $155 $160 -$5
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $165 $165 $0
Wet $69 $75 $0
Illinois Dry $158 $158 $0
Nebraska Dry $165 $165 $0
Wet $69 $69 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $145 $148 -$3
Indiana Dry $145 $145 $0
Iowa Dry $145 $145 $0
Michigan Dry $145 $145 $0
Minnesota Dry $147 $145 $2
Nebraska Dry $155 $155 $0
New York Dry $165 $165 $0
North Dakota Dry $150 $150 $0
Ohio Dry $145 $148 -$3
South Dakota Dry $145 $145 $0
Wisconsin Dry $143 $145 -$2
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $147 $145 $2
Western Kansas
Dry $178 $185 -$7
Wet $70 $75 -$5
Western Milling
California Dry $227 $225 $2
**Weekly Average: $155 $156 -$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 5/8/2025 $4.3900 $156.7857
Soybean Meal 5/8/2025 $287.50
DDG Weekly Average Spot Price 5/8/2025 $155.00
DDG Value Relative to: 5/8 5/1
Corn 0.989% 0.941%
Soybean Meal 53.86% 54.45%
Cost Per Unit of Protein:
DDG 5.74 5.78
Soybean Meal 6.06 6.03
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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