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Market Matters Blog 12/19 13:17
DTN Weekly Average DDG Price Higher Again
DTN's weekly average spot price for domestic distillers dried grains is
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 Dec. 18 was $164 per ton
on average, up $3 versus one week ago.
DDG prices were mixed but higher on average again for the week, even with
the cash corn price slightly lower, while soybean meal prices were slightly
higher, up $0.20 versus one week ago. As for cash corn, the DTN National
Average Corn Index was down 2 cents versus one week ago. The extreme cold
weather has helped spot demand given cattle need more to eat when it is cold.
Based on the average of prices collected by DTN, the value of DDG relative
to corn for the week ended Dec 18 was 1.033%. The value of DDG relative to
soybean meal was 54.25% and the cost per unit of protein for DDG was $6.07
compared to the cost per unit of protein for soybean meal at $6.36.\
U.S. Grains Council, in its weekly distillers dried grains with solubles
(DDGS) export market prices report, showed January prices as of Dec. 18: CIF
NOLA barge price was up $6 at $225 metric ton (mt); FOB vessel Gulf price was
down $3 at $234 mt; rail delivered PNW was down $7 at $277; and rail delivered
to California was down $3 at $273 mt.
The Energy Information Administration reported Wednesday that ethanol
production in the United States averaged 1.131 million barrels per day (bpd) in
the week ended Dec. 10, up 26,000 bpd versus prior week and 24,000 bpd, or
2.2%, higher than in the same week last year, and hitting a new record for the
week. Four-week average output at 1.119 million bpd was 26,000 bpd above the
same four weeks last year. Midwest ethanol production averaged 1.078 million
bpd, up 32,000 bpd versus prior week and 33,000 bpd, or 3.2%, higher than in
the same week last year. Four-week average output at 1.062 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 12/18/2025 12/11/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $190 $180 $10
Wet $90 $90 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $180 $175 $5
Wet $95 $92 $3
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $163 $162 $1
Indiana Dry $150 $145 $5
Iowa Dry $150 $147 $3
Michigan Dry $150 $150 $0
Minnesota Dry $150 $150 $0
New York Dry $178 $178 $0
South Dakota Dry $170 $170 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $175 $165 $10
Iowa Dry $170 $170 $0
Michigan Dry $175 $168 $7
Minnesota Dry $170 $170 $0
Missouri Dry $178 $175 $3
Ohio Dry $175 $165 $10
South Dakota Dry $172 $165 $7
Nebraska Dry $178 $175 $3
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $180 $170 $10
Wet $70 $55 $15
Ill SOLD OUT DEC Dry $170 $165 $5
Nebraska Dry $170 $165 $5
Wet $65 $55 $10
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $155 $155 $0
Indiana Dry $145 $145 $0
Iowa Dry $145 $145 $0
Michigan Dry $145 $145 $0
Minnesota Dry $145 $145 $0
Nebraska Dry $165 $165 $0
New York Dry $175 $175 $0
North Dakota Dry $165 $165 $0
Ohio Dry $160 $160 $0
South Dakota Dry $155 $155 $0
Wisconsin Dry $140 $140 $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $137 $137 $0
Western Kansas
Dry $203 $196 $7
Wet $74 $72 $2
Western Milling
California Dry $252 $252 $0
**Weekly Average: $164 $161 $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 12/18/2025 $4.4450 $158.7500
Soybean Meal 12/18/2025 $302.30
DDG Weekly Average Spot Price 12/18/2025 $164.00
DDG Value Relative to: 12/18 12/11
Corn 1.033% 1.010%
Soybean Meal 54.25% 53.29%
Cost Per Unit of Protein:
DDG $6.07 $5.96
Soybean Meal $6.36 $6.36
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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