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Market Matters Blog 03/28 12:30
DTN Weekly DDG Price Lower on Average
DTN's weekly average spot price for domestic distillers dried grains is
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 March 27 was down $1 on
average at $153 per ton versus one week ago. DDG prices were mixed again for
the week, but lower on average. The corn futures had a rough week and soybean
meal prices were also lower. The DTN National Average Corn Index was down 17
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 March 27 was 0.952%. The value of DDG relative to
soybean meal was 51.95% and the cost per unit of protein for DDG was $5.67
compared to the cost per unit of protein for soybean meal at $6.20.
U.S. Grains Council, in its weekly distillers dried grains with solubles
(DDGS) April export market prices report, showed as of March 27, CIF NOLA barge
price was up $3 at $214 metric ton (mt); FOB vessel Gulf price was up $2 at
$223 mt; rail delivered PNW was up $7 at $247; and rail delivered to California
was down $4 at $245 mt.
The U.S. Energy Information Administration reported overall ethanol
production in the United States for the week ended March 21 averaged 1.053
million barrels per day (bpd), down 52,000 bpd week-on-week and 1,000 bpd, or
0.1% ,lower than in the same week last year. Four-week average output at 1.079
million bpd was 34,000 bpd above the same four weeks last year. Midwest ethanol
production averaged 1.002 million bpd, down 55,000 bpd week-on-week and 5,000
bpd, or 0.5%, lower than in the same week last year. Four-week average output
at 1.027 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 3/27/2025 3/20/
2025
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $170 $170 $0
Wet $90 $90 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $155 $170 -$15
Wet $75 $90 -$15
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $150 $150 $0
Indiana Dry $140 $140 $0
Iowa Dry $138 $138 $0
Michigan Dry $150 $150 $0
Minnesota Dry $135 $140 -$5
New York Dry $155 $155 $0
South Dakota Dry $145 $145 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $172 $172 $0
Iowa Dry $155 $150 $5
Michigan Dry $175 $175 $0
Minnesota Dry $155 $150 $5
Missouri Dry $160 $160 $0
Ohio Dry $172 $172 $0
South Dakota Dry $155 $155 $0
Nebraska Dry $160 $160 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $165 $170 -$5
Wet $69 $75 -$6
Illinois Dry $155 $155 $0
Nebraska Dry $165 $170 -$5
Wet $69 $75 -$6
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $148 $148 $0
Indiana Dry $145 $145 $0
Iowa Dry $145 $148 -$3
Michigan Dry $145 $150 -$5
Minnesota Dry $138 $140 -$2
Nebraska Dry $155 $155 $0
New York Dry $165 $165 $0
North Dakota Dry $150 $150 $0
Ohio Dry $145 $145 $0
South Dakota Dry $145 $145 $0
Wisconsin Dry $145 $145 $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $140 $140 $0
Western Kansas
Dry $176 $176 $0
Wet $74 $74 $0
Western Milling
California Dry $227 $228 -$1
**Weekly Average: $153 $154 -$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 3/27/2025 $4.5000 $160.7143
Soybean Meal 3/27/2025 $294.50
DDG Weekly Average Spot Price 3/27/2025 $153.00
DDG Value Relative to: 3/27 3/20
Corn 0.952% 0.919%
Soybean Meal 51.95% 51.83%
Cost Per Unit of Protein:
DDG 5.67 5.70
Soybean Meal 6.20 6.25
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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