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Market Matters Blog 12/20 11:46
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 price for domestic distillers dried grains
(DDG) from 33 locations reporting for the week ended Dec. 19 was $1 higher on
average at $156 per ton versus one week ago. DDG prices were mixed but slightly
higher for the week, still coming under pressure from cheaper soybean meal. The
DTN National Average Corn Index was down 3 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 Dec. 19 was 0.99%. The value of DDG relative to
soybean meal was 54.91% and the cost per unit of protein for DDG was $5.78
compared to the cost per unit of protein for soybean meal at $5.98.
U.S. Grains Council in its weekly distillers dried grains with solubles
(DDGS) export market prices report showed as of Dec. 18, January CIF NOLA barge
price was up $9 at $185 metric ton (mt); FOB vessel Gulf price was up $5 at
$192 mt; rail delivered PNW was steady at $213; and rail delivered to
California was unchanged at $224 mt.
The U.S. Energy Information Administration reported overall ethanol
production in the United States averaged 1.103 million bpd in the week ended
Dec. 13, up 25,000 bpd week-on-week and 32,000 bpd, or 2.9% higher than in the
same week last year. Four-week average output at 1.093 million bpd was 35,000
bpd above the same four weeks last year. Midwest ethanol production averaged
1.045 million bpd, up 30,000 bpd week-on-week and 36,000 bpd, or 3.4% higher
than in the same week last year. Four-week average output at 1.031 million bpd
was 33,000 bpd above the same four weeks last year.
No price update Christmas week. Next report Jan. 3, 2025.
Note: All prices subject to change/confirmation.
ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 12/19/2024 12/12/2024
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $165 $165 $0
Wet $85 $85 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $166 $160 $5
Wet $85 $80 $5
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $152 $152 $0
Indiana Dry $142 $140 $2
Iowa Dry $145 $140 $5
Michigan Dry $142 $140 $2
Minnesota Dry $150 $145 $5
New York Dry $165 $165 $0
South Dakota Dry $150 $150 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $175 $175 $0
Iowa Dry $160 $158 $2
Michigan Dry $175 $175 $0
Minnesota Dry $155 $153 $2
Missouri Subject Dry $163 $160 $3
Ohio Dry $175 $175 $0
South Dakota Subj. Dry $160 $155 $5
Nebraska Subject Dry $165 $163 $2
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $175 $175 $0
Wet $80 $80 $0
Illinois Dry $152 $154 -$2
Nebraska Dry $175 $175 $0
Wet $80 $80 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $145 $148 -$3
Indiana Dry $140 $140 $0
Iowa Dry $140 $140 $0
Michigan Dry $143 $145 -$2
Minnesota Dry $145 $145 $0
Nebraska Dry $150 $150 $0
New York Dry $170 $170 $0
North Dakota Dry $165 $165 $0
Ohio Dry $150 $150 $0
South Dakota Dry $150 $150 $0
Wisconsin Dry $138 $140 -$2
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $140 $140 $0
Western Kansas
Kansas Dry $185 $185 $0
Wet $72 $72 $0
Western Milling
California Dry $235 $235 $0
**Weekly Average: $156 $155 $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 12/19/2024 $4.4075 $157.4107
Soybean Meal 12/19/2024 $284.10
DDG Weekly Average Spot Price 12/19/2024 $156.00
DDG Value Relative to: 12/19 12/12
Corn 0.991% 1.005%
Soybean Meal 54.91% 54.10%
Cost Per Unit of Protein:
DDG 5.78 5.74
Soybean Meal 5.98 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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