Market Matters Blog           06/27 11:26

   DTN Weekly DDG Price Slightly Lower on Average

   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 June 26 was $1 lower on 
average versus one week ago at $150 per ton.

   DDG prices were mixed for the week, but lower on average. The lower cash 
soybean meal and cash corn prices added pressure to the DDG market. DTN's 
National Average Corn Index is down 23 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 June 26 was 1.026%. The value of DDG relative to 
soybean meal was 55.37% and the cost per unit of protein for DDG was $5.56, 
compared to the cost per unit of protein for soybean meal at $5.70.

   U.S. Grains Council, in its weekly distillers dried grains with solubles 
(DDGS) July export market prices report, showed as of June 26, CIF NOLA barge 
price was down $6 at $211 metric ton (mt); FOB vessel Gulf price was down $9 at 
$228 mt; rail delivered PNW was down $4 at $243; and rail delivered to 
California was down $6 at $233 mt.

   The Energy Information Administration reported Wednesday for the week ending 
June 20, overall ethanol production in the United States averaged 1.081 million 
bpd, down 28,000 bpd week-on-week and 38,000 bpd, or 3.5% higher than in the 
same week last year. Four-week average output at 1.104 million bpd was 55,000 
bpd above the same four weeks last year. Midwest ethanol production averaged 
1.023 million bpd, down 29,000 bpd week-on-week and 36,000 bpd, or 3.5% higher 
than in the same week last year. Four-week average output at 1.045 million bpd 
was 54,000 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                           6/26/2025      6/18/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
           Missouri                  Dry   $150           $150         $0
                                     Wet   $80            $80          $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
                                     Dry   $155           $155         $0
                                     Wet   $75            $75          $0
CHS, Minneapolis, MN (800-769-1066)
           Illinois                  Dry   $150           $152         -$2
           Indiana                   Dry   $138           $140         -$2
           Iowa                      Dry   $142           $145         -$3
           Michigan                  Dry   $148           $148         $0
           Minnesota                 Dry   $130           $135         -$5
           New York                  Dry   $158           $160         -$2
           South Dakota              Dry   $135           $135         -$0
POET Nutrition, Sioux Falls, SD (888-327-8799)
           Indiana                   Dry   $172           $172         $0
           Iowa                      Dry   $150           $155         -$5
           Michigan                  Dry   $175           $175         $0
           Minnesota                 Dry   $150           $155         -$5
           Missouri                  Dry   $160           $160         $0
           Ohio                      Dry   $172           $172         $0
           South Dakota              Dry   $155           $155         $0
           Nebraska                  Dry   $150           $150         $0
United BioEnergy, Wichita, KS (316-616-3521)
           Kansas                    Dry   $155           $156         -$1
                                     Wet   $60            $60          $0
           Illinois NO JUNE          Dry   $157           $160         -$3
           Nebraska                  Dry   $153           $153         $0
                                     Wet   $60            $60          $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   $138           $138         $0
           Nebraska                  Dry   $155           $155         $0
           New York                  Dry   $165           $165         $0
           North Dakota              Dry   $150           $150         $0
           Ohio                      Dry   $142           $142         $0
           South Dakota              Dry   $145           $145         $0
           Wisconsin                 Dry   $135           $135         $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
           FOB Pickett               Dry   $150           $150         $0
Western Kansas
                                     Dry   $183           $183         $0
                                     Wet   $72            $72          $0
Western Milling
           California                Dry   $220           $224         -$4
**Weekly Average:                          $150           $151         -$1
(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                                      6/26/2025     $4.0950   $146.2500
Soybean Meal                              6/26/2025               $270.90
DDG Weekly Average Spot Price             6/26/2025               $150.00
DDG Value Relative to:                                  6/26      6/19
Corn                                                    1.026%    0.975%
Soybean Meal                                            55.37%    53.00%
Cost Per Unit of Protein:
DDG                                                     5.56      5.59
Soybean Meal                                            5.70      6.00
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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