DTN Average Weekly DDG Price Pushes Lower


Wednesday’s Energy Information Administration report showed overall ethanol plant production for the week ended May 21 dropped from a better-than one-year high, down 21,000 barrels per day (bpd) or 2% to 1.011 million bpd while the four-week average output was at 994,000 bpd.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended May 27 was 91.86% versus the three-year average of 110%. The value of DDG relative to soybean meal was 55.85% versus the three-year average of 42%. The cost per unit of protein for DDG was $8.07, compared to the cost per unit of protein for soybean meal at $8.22.

In their weekly DDGS export price update, the U.S. Grains Council said, “On the export front, DDGS prices are lower this week. Barge CIF NOLA prices are $25 per metric ton (mt) lower while FOB Gulf offers are down $35/mt at $270/mt for spot shipment. Prices for 40-foot containers to Southeast Asia are steady as the container market remains exceptionally tight with offers averaging $370/MT this week.”

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 5/27/2021 5/20/2021
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $240 $250 -$10
Wet $120 $125 -$5
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $215 $230 -$15
Wet $105 $115 -$10
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $210 $240 -$30
Indiana Dry $210 $230 -$20
Iowa Dry $215 $230 -$15
Michigan Dry $210 $230 -$20
Minnesota Dry $210 $225 -$15
North Dakota Dry $210 $220 -$10
New York Dry $235 $250 -$15
South Dakota Dry $205 $220 -$15
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $220 $230 -$10
Iowa Dry $220 $240 -$20
Michigan Dry $225 $240 -$15
Minnesota Dry $215 $235 -$20
Missouri Dry $235 $255 -$20
Ohio Dry $220 $230 -$10
South Dakota Dry $220 $240 -$20
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $245 $250 -$5
Wet $90 $90 $0
Illinois Dry $230 $240 -$10
Nebraska Dry $245 $250 -$5
Wet $90 $90 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $220 $235 -$15
Indiana Dry $220 $230 -$10
Iowa Dry $205 $220 -$15
Michigan Dry $220 $235 -$15
Minnesota Dry $200 $215 -$15
Nebraska Dry $205 $220 -$15
New York Dry $270 $275 -$5
North Dakota Dry $200 $220 -$20
Ohio Dry $210 $230 -$20
South Dakota Dry $200 $225 -$25
Wisconsin Dry $200 $220 -$20
Valero Energy Corp, San Antonio, Texas
Indiana Dry $230 $230 $0
Iowa Dry $0 $0 $0
Minnesota Dry $0 $0 $0
Nebraska Dry $0 $0 $0
Ohio Dry $235 $235 $0
South Dakota Dry $0 $0 $0
California Dry $0 $0 $0
Western Milling, Goshen, California (559-302-1074)
California SUBJECT Dry $300 $300 $0
*Prices listed per ton.
Weekly Average $218 $232 -$14
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 5/27/2021 $6.6450 $237.32
Soybean Meal 5/27/2021 $390.30
DDG Weekly Average Spot Price $218.00
DDG Value Relative to: 5/27 5/20
Corn 91.86% 97.76%
Soybean Meal 55.85% 57.84%
Cost Per Unit of Protein:
DDG $8.07 $8.59
Soybean Meal $8.22 $8.44
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



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