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GREEN HILL MFA - CLICK - MFA CONNECT
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Market Matters Blog 04/25 11:48
DTN Weekly DDG Price Slightly Higher on Average
DTN's weekly average spot price for domestic distillers dried grains is
slightly 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 April 24 was up $1 on
average versus one week ago at $155 per ton.
DDG prices were mixed for the week, but up $1 on average. Ethanol plant
production was higher last week but heading into spring maintenance season we
could see that weaken. Soybean meal was lower for the week and cash corn prices
were slightly lower for the week, with the DTN National Average Corn Index 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 April 24 was 0.909%. The value of DDG relative to
soybean meal was 53.69% and the cost per unit of protein for DDG was $5.74
compared to the cost per unit of protein for soybean meal at $6.08.
U.S. Grains Council, in its weekly distillers dried grains with solubles
(DDGS) May export market prices report, showed that as of April 24, CIF NOLA
barge price was up $5 at $224 metric ton (mt); FOB vessel Gulf price was down
$2 at $230 mt; rail delivered PNW was up $3 at $253; and rail delivered to
California was up $2 at $248 mt.
The U.S. Energy Information Administration reported for the week ending
April 18, overall ethanol production in the United States averaged 1.033
million bpd, up 21,000 bpd week-on-week and 79,000 bpd, or 7.6% higher than in
the same week last year. Four-week average output at 1.032 million bpd was
15,000 bpd above the same four weeks last year. Midwest ethanol production
averaged 976,000 bpd, up 21,000 bpd week-on-week and 73,000 bpd, or 7.5% higher
than in the same week last year. Four-week average output at 977,000 bpd was
12,000 bpd above the same four weeks last year.
Note: All prices subject to change/confirmation.
ALL PRICES SUBJECT TO CONFIRMATION CURRENT CURRENT CHANGE
COMPANY STATE 4/24/ 4/16/2025
2025
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $165 $165 $0
Wet $80 $80 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $160 $160 $0
Wet $80 $80 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $152 $152 $0
Indiana Dry $148 $145 $3
Iowa Dry $148 $145 $3
Michigan Dry $155 $155 $0
Minnesota Dry $140 $135 $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 $155 $0
Michigan Dry $175 $175 $0
Minnesota Dry $155 $155 $0
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 $165 $0
Wet $75 $75 $0
Illinois Dry $158 $155 $3
Nebraska Dry $165 $165 $0
Wet $75 $75 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $148 $148 $0
Indiana Dry $145 $145 $0
Iowa Dry $145 $145 $0
Michigan Dry $145 $145 $0
Minnesota Dry $145 $140 $5
Nebraska Dry $155 $155 $0
New York Dry $165 $165 $0
North Dakota Dry $150 $150 $0
Ohio Dry $148 $145 $3
South Dakota Dry $145 $145 $0
Wisconsin Dry $145 $143 $2
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $145 $145 $0
Western Kansas
Dry $185 $185 $0
Wet $78 $78 $0
Western Milling
California Dry $225 $225 $0
**Weekly Average: $155 $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 4/24/2025 $4.7725 $170.4464
Soybean Meal 4/24/2025 $288.70
DDG Weekly Average Spot Price 4/24/2025 $155.00
DDG Value Relative to: 4/24 4/17
Corn 0.909% 0.894%
Soybean Meal 53.69% 52.10%
Cost Per Unit of Protein:
DDG 5.74 5.70
Soybean Meal 6.08 6.22
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
(c) Copyright 2025 DTN, LLC. All rights reserved.
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