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Market Matters Blog 10/23 12:23
DTN Weekly Average DDG Price Lower Again
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 average DTN spot price for domestic distillers
dried grains (DDG) from 33 locations reporting for the week ended Oct. 22 was
$190 per short ton on average, down $3 versus one week ago. DDG prices were
mixed but moved lower on average as the cash corn price and soybean meal price
continued to decrease.
The DTN National Average Corn Index is down 17 cents per bushel versus one
week ago, while soybean meal futures price is down $12.50 per short ton versus
one week ago.
Based on the average of prices collected by DTN, the value of DDG relative
to corn for the week ended Oct. 22 was 1.155%. The value of DDG relative to
soybean meal was 54.71% and the cost per unit of protein for DDG was $7.04
compared to the cost per unit of protein for soybean meal at $7.31.
U.S. Grains and Bioproducts Council in its weekly distillers dried grains
with solubles (DDGS) export market prices report showed November prices as of
Oct. 22: CIF NOLA barge price was up $3 at $265 metric ton (mt) versus one week
ago; FOB vessel Gulf price was up $4 at $289 mt; rail delivered PNW was down
$12 at $279; and rail delivered to California was down $10 at $276 mt.
Ethanol production in the United States averaged 1.094 million barrels per
day (bpd) in the week ended Oct. 16, the Energy Information Administration
reported on Wednesday. That's up 29,000 bpd week-on-week and 18,000 bpd, or
1.6%, lower than in the same week last year. Four-week average output at 1.055
million bpd was 8,000 bpd below the same four weeks last year. Midwest ethanol
production averaged 1.033 million bpd, up 23,000 bpd week-on-week and 18,000
bpd, or 1.7%, lower than in the same week last year. Four-week average output
at 1 million bpd was 10,000 bpd below the same four weeks last year.
NOTE: All prices subject to change/confirmation.
CURRENT PREVIOUS
CHANGE
ALL PRICES SUBJECT TO CONFIRMATION
10/22/2026 10/15/2026
COMPANY STATE
Bartlett and Company, Kansas City, MO (816 714 3413)
$195 $195 $0
Missouri Dry
$95 $95 $0
Wet
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
$200 $190 $10
Dry
$100 $90 $10
Wet
CHS, Minneapolis, MN (800-769-1066)
$195 $205
-$10
Illinois Dry
$175 $178 -$3
Indiana Dry
$175 $178 -$3
Iowa Dry
$175 $180 -$5
Michigan Dry
$172 $175 -$3
Minnesota Dry
$220 $220 $0
New York Dry
$180 $185 -$5
South Dakota Dry
POET Nutrition, Sioux Falls, SD (888-327-8799)
$205 $205 $0
Indiana Dry
$200 $210
-$10
Iowa Dry
$210 $210 $0
Michigan Dry
$190 $200
-$10
Minnesota Dry
$210 $215 -$5
Missouri Dry
$205 $205 $0
Ohio Dry
$200 $205 -$5
South Dakota Dry
$215 $215 $0
Nebraska Dry
United BioEnergy, Wichita, KS (316-616-3521)
$205 $210 -$5
Kansas Dry
$70 $70 $0
Wet
$200 $203 -$3
Ill Dry
$200 $205 -$5
Nebraska Dry
$70 $70 $0
Wet
U.S. Commodities, Minneapolis, MN (888-293-1640)
$180 $185 -$5
Illinois Dry
$180 $185 -$5
Indiana Dry
$180 $180 $0
Iowa Dry
$185 $185 $0
Michigan Dry
$170 $170 $0
Minnesota Dry
$180 $185 -$5
Nebraska Dry
$185 $185 $0
New York Dry
$180 $185 -$5
North Dakota Dry
$185 $185 $0
Ohio Dry
$180 $180 $0
South Dakota Dry
$170 $170 $0
Wisconsin Dry
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
$175 $175 $0
FOB Pickett Dry
Western Kansas
$225 $225 $0
Dry
$72 $72 $0
Wet
Western Milling
$270 $277 -$7
California Dry
$190 $193 -$3
**Weekly Average:
(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.
NOTE: Prices are based off the futures market with the highest volume.
VALUE OF DDG VS. CORN & SOYBEAN MEAL
Settlement Price: Quote Date Bushel Short Ton
Corn 10/22/2026 $4.6050 $164.4643
Soybean Meal 10/22/2026 $347.30
DDG Weekly Average Spot Price 10/22/2026 $190.00
DDG Value Relative to: 10/22 10/15
Corn 1.155% 1.131%
Soybean Meal 54.71% 53.64%
Cost Per Unit of Protein:
DDG $7.04 $7.15
Soybean Meal $7.31 $7.57
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 social platform X @MaryCKenn
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