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Market Matters Blog 05/30 11:55
DTN Weekly Average DDG Price Slightly Lower
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 29 was down $1 on
average versus one week ago at $153 per ton.
DDG prices were mixed for the week, but down $1 on average with the cash
corn price lower versus last week and meal prices flat so far this week. DTN
National Average Corn Index is down 16 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 29 was 0.956%. The value of DDG relative to
soybean meal was 51.62% and the cost per unit of protein for DDG was $5.67
compared to the cost per unit of protein for soybean meal at $6.24.
U.S. Grains Council, in its weekly distillers dried grains with solubles
(DDGS) June export market prices report, showed as of May 29, CIF NOLA barge
price was down $13 at $210 metric ton (mt); FOB vessel Gulf price was up $2 at
$236 mt; rail delivered PNW was down $5 at $245; and rail delivered to
California was down $3 at $242 mt. A trader noted that the tariffs are starting
to affect DDGS export sales.
The U.S. Energy Information Administration reported Wednesday that for the
week ended May 23, overall ethanol production in the United States averaged
1.056 million barrels per day (bpd), up 20,000 bpd week-on-week and 12,000 bpd,
or 1.1%, lower than in the same week last year. Four-week average output at
1.026 million bpd was 13,000 bpd above the same four weeks last year. Midwest
ethanol production averaged 999,000 bpd, up 19,000 bpd week-on-week and 8,000
bpd, or 0.8%, lower than in the same week last year. Four-week average output
at 970,000 bpd was 10,000 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 5/29/2025 5/22/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $150 $158 -$8
Wet $80 $80 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $155 $155 $0
Wet $70 $70 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $155 $155 $0
Indiana Dry $145 $145 $0
Iowa Dry $148 $148 $0
Michigan Dry $155 $155 $0
Minnesota Dry $140 $145 -$5
New York Dry $170 $170 $0
South Dakota Dry $145 $145 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $172 $172 $0
Iowa Dry $155 $160 -$5
Michigan Dry $175 $175 $0
Minnesota Dry $155 $160 -$5
Missouri Dry $160 $160 $0
Ohio Dry $172 $172 $0
South Dakota Dry $155 $155 $0
Nebraska Dry $150 $150 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $170 $165 $5
Wet $70 $69 $1
Illinois NO MAY Dry $158 $158 $0
Nebraska Dry $157 $165 -$8
Wet $69 $69 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $145 $145 $0
Indiana Dry $145 $145 $0
Iowa Dry $142 $142 $0
Michigan Dry $142 $142 $0
Minnesota Dry $145 $147 -$2
Nebraska Dry $155 $155 $0
New York Dry $165 $165 $0
North Dakota Dry $150 $150 $0
Ohio Dry $147 $147 $0
South Dakota Dry $145 $145 $0
Wisconsin Dry $140 $143 -$3
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $147 $147 $0
Western Kansas
Dry $165 $165 $0
Wet $72 $78 -$6
Western Milling
California Dry $225 $225 $0
**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 5/29/2025 $4.4700 $159.6429
Soybean Meal 5/29/2025 $296.40
DDG Weekly Average Spot Price 5/29/2025 $153.00
DDG Value Relative to: 5/29 5/22
Corn 0.958% 0.931%
Soybean Meal 51.62% 51.59%
Cost Per Unit of Protein:
DDG 5.67 5.70
Soybean Meal 6.24 6.28
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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