- DTN Headline News
DDG Weekly Update
By Mary Kennedy
Monday, January 25, 2021 2:45PM CST

OMAHA (DTN) The average price for domestic distillers dried grains (DDG) from the 39 locations DTN contacted with spot offers for the week ended Jan. 21 was $231 per ton, up $1 on average from one week ago.

Domestic DDG prices settled back from recent highs, ending this week mixed. With some plants slowing production, supplies have become tight in those spots, but as corn and soybean meal cash prices have come down this week, DDG prices came under pressure this past week. However, so far in the 2020-21 marketing year, FOB Gulf soymeal prices are up 40% while FOB Gulf DDGS values have risen 47%.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Jan. 21 was 123.37% versus the five-year average of 109%. The value of DDG relative to soybean meal was 52.72% versus the three-year average of 42%. The cost per unit of protein for DDG was $8.56, compared to the cost per unit of protein for soybean meal at $9.23.

In their weekly export DDGS update, the U.S. Grains Council noted that industry sources say the volatility in corn and soybean markets and concerns with container freight rates are complicating forward sales.

"Reportedly, container lines are hesitant to lock in rates more than four weeks forward, which is making DDGS sales from March forward more difficult. Southeast Asian buyers still need to purchase a large portion of their first quarter to early second quarter needs but are being cautious amid rising commodity prices.

"Barge CIF NOLA values are up $3 to $4 per metric ton (mt) this week while FOB NOLA offers have declined $4 to $6/mt for February and March shipment, decreasing netbacks to merchandisers looking to move product on the river. U.S. rail rates are down $2 to $3/mt this week while offers for 40-foot containers to Southeast Asia are mostly steady at $349-$350/mt," said USGC.

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

ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 1/21/2021 1/14/2021
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $245 $253 -$8
Wet $123 $127 -$4
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Missouri Dry $240 $250 -$10
Wet $120 $125 -$5
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $230 $215 $15
Indiana Dry $230 $205 $25
Iowa Dry $225 $225 $0
Michigan Dry $230 $205 $25
Minnesota Dry $225 $225 $0
North Dakota Dry $230 $225 $5
New York Dry $285 $285 $0
South Dakota Dry $225 $225 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $235 $235 $0
Iowa Dry $225 $225 $0
Michigan Dry $235 $235 $0
Minnesota Dry $220 $220 $0
Missouri Dry $260 $260 $0
Ohio Dry $230 $230 $0
South Dakota Dry $235 $228 $7
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $240 $230 $10
Wet $75 $75 $0
Illinois Dry $240 $235 $5
Nebraska Dry $240 $225 $15
Wet $75 $75 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $225 $230 -$5
Indiana Dry $225 $230 -$5
Iowa Dry $215 $220 -$5
Michigan Dry $220 $225 -$5
Minnesota Dry $220 $225 -$5
Nebraska Dry $235 $240 -$5
New York Dry $285 $290 -$5
North Dakota Dry $230 $235 -$5
Ohio Dry $220 $225 -$5
South Dakota Dry $220 $225 -$5
Wisconsin Dry $215 $220 -$5
Valero Energy Corp, San Antonio, Texas
Indiana Dry $240 $250 -$10
Iowa Dry $0 $0 $0
Minnesota Dry $0 $0 $0
Nebraska Dry $0 $0 $0
Ohio Dry $245 $250 -$5
South Dakota Dry $0 $0 $0
California Dry $0 $0 $0
Western Milling, Goshen, California (559-302-1074)
California Dry $297 $300 -$3
*Prices listed per ton.
Weekly Average $231 $230 $1
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 1/21/2021 $5.2425 $187.23
Soybean Meal 1/21/2021 $438.20
DDG Weekly Average Spot Price $231.00
DDG Value Relative to: 1/21 1/14
Corn 123.37% 120.54%
Soybean Meal 52.72% 49.57%
Cost Per Unit of Protein:
DDG $8.56 $8.52
Soybean Meal $9.23 $9.79
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


blog iconDTN Blogs & Forums
DTN Market Matters Blog
Editorial Staff
Monday, January 25, 2021 2:29PM CST
Friday, January 22, 2021 11:24AM CST
Friday, January 15, 2021 12:19PM CST
Technically Speaking
Editorial Staff
Monday, January 25, 2021 8:59AM CST
Tuesday, January 19, 2021 8:58AM CST
Monday, January 11, 2021 8:30AM CST
Fundamentally Speaking
Joel Karlin
DTN Contributing Analyst
Tuesday, January 26, 2021 1:26PM CST
Thursday, January 21, 2021 10:44AM CST
Friday, January 15, 2021 8:28AM CST
DTN Ag Policy Blog
Chris Clayton
DTN Ag Policy Editor
Tuesday, January 26, 2021 6:30AM CST
Tuesday, January 26, 2021 6:30AM CST
Thursday, January 21, 2021 7:31PM CST
Minding Ag's Business
Katie Behlinger
Farm Business Editor
Thursday, January 14, 2021 3:36PM CST
Thursday, January 7, 2021 4:16PM CST
Monday, October 26, 2020 3:01PM CST
DTN Ag Weather Forum
Bryce Anderson
DTN Ag Meteorologist and DTN Analyst
Tuesday, January 26, 2021 11:05AM CST
Friday, January 22, 2021 6:16PM CST
Friday, January 22, 2021 6:16PM CST
DTN Production Blog
Pam Smith
Crops Technology Editor
Friday, January 22, 2021 6:11PM CST
Monday, January 11, 2021 1:47PM CST
Thursday, December 31, 2020 7:40AM CST
Harrington's Sort & Cull
John Harrington
DTN Livestock Analyst
Monday, January 25, 2021 2:53PM CST
Wednesday, January 13, 2021 5:10AM CST
Monday, January 11, 2021 4:39PM CST
South America Calling
Editorial Staff
Friday, January 22, 2021 3:09PM CST
Wednesday, January 13, 2021 12:25PM CST
Friday, January 8, 2021 12:56PM CST
An Urban’s Rural View
Urban Lehner
Editor Emeritus
Tuesday, January 19, 2021 5:14PM CST
Monday, January 11, 2021 11:32AM CST
Monday, January 4, 2021 9:43AM CST
Machinery Chatter
Dan Miller
Progressive Farmer Senior Editor
Friday, January 22, 2021 12:30PM CST
Friday, January 15, 2021 2:35PM CST
Tuesday, January 5, 2021 12:55PM CST
Canadian Markets
Cliff Jamieson
Canadian Grains Analyst
Monday, January 25, 2021 3:33PM CST
Friday, January 22, 2021 3:48PM CST
Thursday, January 21, 2021 4:11PM CST
Editor’s Notebook
Greg D. Horstmeier
DTN Editor-in-Chief
Thursday, December 31, 2020 8:57AM CST
Wednesday, December 2, 2020 12:37PM CST
Friday, September 4, 2020 3:48PM CST
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN