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Market Matters Blog 07/11 12:10
DTN Weekly Average DDG Price Lower
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 July 10 was $145 per ton
on average, $3 lower versus one week ago.
DDG prices were mixed for the week, but lower on average. The lower cash
corn and soybean meal prices added pressure to the DDG prices, with some DDG
prices showing deep discounts versus last week. DTN's National Average Corn
Index is down 18 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 July 10 was .997%. The value of DDG relative to
soybean meal was 54.00% and the cost per unit of protein for DDG was $5.37
compared to the cost per unit of protein for soybean meal at $5.65. (Table is
still using July futures.)
U.S. Grains Council, in its weekly distillers dried grains with solubles
(DDGS) July export market prices report, showed as of July 10, CIF NOLA barge
price was down $1 at $210 metric ton (mt); FOB vessel Gulf price was down $2 at
$226 mt; rail delivered PNW was down $4 at $239; and rail delivered to
California was down $4 at $229 mt.
The Energy Information Administration reported Wednesday for the week ending
July 3, overall ethanol production in the United States averaged 1.085 million
bpd, up 9,000 bpd week-on-week and 21,000 bpd, or 1.9% lower than in the same
week last year. The four-week average output at 1.088 million bpd was 21,000
bpd above the same four weeks last year. Midwest ethanol production averaged
1.03 million bpd, up 14,000 bpd week-on-week and 16,000 bpd, or 1.6% lower than
in the same week last year. The four-week average output at 1.03 million bpd
was 19,000 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 7/10/2025 7/2/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $147 $150 -$3
Wet $78 $80 -$2
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $150 $155 -$5
Wet $75 $75 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $148 $150 -$2
Indiana Dry $133 $135 -$3
Iowa Dry $135 $140 -$5
Michigan Dry $143 $145 -$2
Minnesota Dry $135 $135 $0
New York Dry $152 $158 -$6
South Dakota Dry $135 $135 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $172 $172 $0
Iowa Dry $150 $150 $0
Michigan Dry $175 $175 $0
Minnesota Dry $150 $150 $0
Missouri Dry $155 $155 $0
Ohio Dry $172 $172 $0
South Dakota Dry $145 $150 -$5
Nebraska Dry $145 $145 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $150 $150 $0
Wet $50 $50 $0
Illinois NO JULY Dry $0 $0 $0
Nebraska Dry $140 $140 $0
Wet $45 $45 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $143 $143 $0
Indiana Dry $142 $142 $0
Iowa Dry $135 $135 $0
Michigan Dry $142 $142 $0
Minnesota Dry $133 $135 -$3
Nebraska Dry $142 $152 -$10
New York Dry $150 $160 -$10
North Dakota Dry $130 $150 -$20
Ohio Dry $142 $142 $0
South Dakota Dry $125 $145 -$20
Wisconsin Dry $135 $135 $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB PickettNO OFFER Dry $145 $150 -$5
Western Kansas
Dry $168 $178 -$10
Wet $65 $68 -$3
Western Milling
California Dry $219 $219 $0
**Weekly Average: $145 $148 -$3
(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 7/10/2025 $4.0725 $145.4464
Soybean Meal 7/10/2025 $268.50
DDG Weekly Average Spot Price 7/10/2025 $145.00
DDG Value Relative to: 7/10 7/3
Corn 0.997% 0.960%
Soybean Meal 54.00% 54.05%
Cost Per Unit of Protein:
DDG 5.37 5.48
Soybean Meal 5.65 5.76
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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