Market Matters Blog           01/30 13:20

   DTN Weekly DDG Price Unchanged on Average

   DTN's weekly average spot price for domestic distillers dried grains is 
steady 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 Jan. 29 was 
$162 per ton on average, unchanged versus one week ago.

   DDG prices were mixed but steady on average for the week, with the cash corn 
price higher again and soybean meal prices up $0.20 versus one week ago. As for 
cash corn, the DTN National Average Corn Index was up 8 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 Jan. 29 was 1.053%. The value of DDG relative to 
soybean meal was 54.73% and the cost per unit of protein for DDG was $6.00 
compared to the cost per unit of protein for soybean meal at $6.23.

   U.S. Grains and Bioproducts Council, in its weekly distillers dried grains 
with solubles (DDGS) export market prices report, showed March prices as of 
Jan. 29: CIF NOLA barge price was down $5 at $214 metric ton (mt) versus on 
week ago; FOB vessel Gulf price was down $1 at $247 mt; rail delivered PNW was 
up $7 at $262; and rail delivered to California was up $4 at $240 mt.

   USDA used Census Bureau data released Thursday, Jan. 29, to provide more 
details for exports of DDGS. U.S. exports of DDGS totaled 933,557 mt in 
November, down from 1,067,246 mt in October, and down 4% from June 2024. DDGS 
exports are running 3.2% behind 2024 through November. Mexico was the top 
destination in November, taking 20% of U.S. exports and was followed by South 
Korea and Vietnam.

   The Energy Information Administration reported on Wednesday, Jan. 28, that 
overall ethanol production in the United States averaged 1.114 million bpd in 
the week ended Jan. 23, down 5,000 bpd versus last week and 99,000 bpd, or 9.8% 
higher than in the same week last year. Four-week average output at 1.132 
million bpd was 54,000 bpd above the same four weeks last year. Midwest ethanol 
production averaged 1.055 million bpd, down 11,000 bpd versus last week and 
91,000 bpd, or 9.4% higher than in the same week last year. Four-week average 
output at 1.075 million bpd was 52,000 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                            1/29/2025     1/22/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
            Missouri                   Dry   $175          $180          -$5
                                       Wet   $90           $90           $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
                                       Dry   $175          $170          $5
                                       Wet   $90           $90           $0
CHS, Minneapolis, MN (800-769-1066)
            Illinois                   Dry   $160          $160          $0
            Indiana                    Dry   $152          $150          $2
            Iowa                       Dry   $145          $145          $0
            Michigan                   Dry   $152          $150          $2
            Minnesota                  Dry   $145          $145          $0
            New York                   Dry   $185          $182          $3
            South Dakota               Dry   $155          $155          $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
            Indiana                    Dry   $185          $185          $0
            Iowa                       Dry   $180          $175          $5
            Michigan                   Dry   $180          $180          $0
            Minnesota                  Dry   $180          $175          $5
            Missouri                   Dry   $175          $175          $0
            Ohio                       Dry   $185          $180          $5
            South Dakota               Dry   $165          $163          $2
            Nebraska                   Dry   $168          $168          $0
United BioEnergy, Wichita, KS (316-616-3521)
            Kansas                     Dry   $180          $180          $0
                                       Wet   $70           $70           $0
            Ill SOLD OUT Jan.          Dry   $170          $170          $0
            Nebraska                   Dry   $170          $170          $0
                                       Wet   $65           $65           $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
            Illinois                   Dry   $155          $155          $0
            Indiana                    Dry   $145          $145          $0
            Iowa                       Dry   $140          $140          $0
            Michigan                   Dry   $145          $145          $0
            Minnesota                  Dry   $140          $140          $0
            Nebraska                   Dry   $160          $160          $0
            New York                   Dry   $175          $175          $0
            North Dakota               Dry   $160          $160          $0
            Ohio                       Dry   $160          $160          $0
            South Dakota               Dry   $150          $150          $0
            Wisconsin                  Dry   $140          $140          $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
            FOB Pickett                Dry   $142          $140          $2
Western Kansas
                                       Dry   $190          $205          -$15
                                       Wet   $71           $67           $4
Western Milling
            California                 Dry   $245          $236          $9
**Weekly Average:                            $162          $162          $0
(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                                    1/29/2026     $4.3075   $153.8393
Soybean Meal                            1/29/2026               $296.00
DDG Weekly Average Spot Price           1/29/2026               $162.00
DDG Value Relative to:                                1/29      1/22
Corn                                                  1.053%    1.086%
Soybean Meal                                          54.73%    56.36%
Cost Per Unit of Protein:
DDG                                                   $6.00     6.04
Soybean Meal                                          $6.23     6.09
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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