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DDG Weekly Update
Mary Kennedy 10/15 12:05 PM

OMAHA (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Oct. 14 was $190 per ton, down $4 on average from one week ago. DDG prices are lower as plant production rose again adding to supplies, along with a lower cash corn market as the DTN National Corn Index was 18 cents lower from one week ago.

Wednesday's Energy Information Administration (EIA) report showed domestic ethanol inventories continued lower as stocks along the East Coast dropped to a better than one-year low while production at nationwide plants rose to the highest level in three months. Overall production continued higher, up 54,000 barrels per day (bpd) to 1.032 million bpd, the highest output rate since the first week of July and 10.1% more than a year earlier. Midwest PADD 2 plant production jumped 40,000 bpd or 4.3% to 977,000 bpd, the highest level since mid-July.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Oct. 14 was 102.95%. The value of DDG relative to soybean meal was 60.49% and the cost per unit of protein for DDG was $7.04, compared to the cost per unit of protein for soybean meal at $6.61.

In its weekly DDGS export price update, the U.S. Grains Council said: "On the export market, DDGS values are slightly lower with Barge CIF NOLA rates down $4 to $5 metric ton (mt) for Q4 shipment and down $1/mt for January 2022. A gradual weakening of CIF rates has helped CIF Gulf DDGS values ease lower as well. FOB Gulf offers are down $1/mt this week, on average, with the bid-ask spread widening slightly. Container freight rates have leveled off or posted small declines this week, which has allowed offers for 40-foot containers to move some $4/mt lower this week. Brokers say Asian demand remains quiet for containerized DDGS, but it is expected to increase later this fall."

NOTE: All prices listed below can change at any time and are subject to confirmation from seller.

ALL PRICES SUBJECT TO CONFIRMATION CURRENT CURRENT CHANGE
COMPANY STATE 10/14/2021 10/7/2021
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $205 $205 $0
Wet $103 $103 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $205 $210 -$5
Wet $100 $105 -$5
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $175 $180 -$5
Indiana Dry $170 $180 -$10
Iowa Dry $175 $180 -$5
Michigan Dry $175 $185 -$10
Minnesota Dry $180 $185 -$5
North Dakota Dry $185 $185 $0
New York Dry $195 $215 -$20
South Dakota Dry $185 $190 -$5
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $175 $180 -$5
Iowa Dry $180 $185 -$5
Michigan Dry $185 $190 -$5
Minnesota Dry $185 $185 $0
Missouri Dry $205 $205 $0
Ohio Dry $175 $180 -$5
South Dakota Dry $195 $200 -$5
Nebraska Dry $215 $215 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $220 $225 -$5
Wet $80 $80 $0
Illinois Dry $180 $190 -$10
Nebraska Dry $220 $225 -$5
Wet $80 $80 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $185 $190 -$5
Indiana Dry $185 $190 -$5
Iowa Dry $180 $190 -$10
Michigan Dry $190 $195 -$5
Minnesota Dry $190 $193 -$3
Nebraska Dry $205 $200 $5
New York Dry $210 $210 $0
North Dakota Dry $200 $200 $0
Ohio Dry $185 $190 -$5
South Dakota Dry $200 $200 $0
Wisconsin Dry $175 $180 -$5
Western Milling, Goshen, California (559-302-1074)
California Dry $273 $268 $5
*Prices listed per ton. $190 $194 -$4
Weekly Average:
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 10/14/2021 $5.1675 $184.55
Soybean Meal 10/14/2021 $314.10
DDG Weekly Average Spot Price $190.00
DDG Value Relative to: 10/14 10/7
Corn 102.95% 101.72%
Soybean Meal 60.49% 60.85%
Cost Per Unit of Protein:
DDG $7.04 $7.19
Soybean Meal $6.61 $6.71
Notes:
Corn and soybean prices take 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 Twitter @MaryCKenn

 
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