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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