Categories
Blog

DTN Weekly DDG Price Higher on Average


DTN’s domestic distillers dried grains weekly spot price from available offers was 2 cents higher on average for the week ended Dec. 23. (DTN file photo)

OMAHA (DTN) — The average price for domestic distillers dried grains (DDG) from the 40 locations DTN contacted with spot offers for the week ended Dec. 23 was $205 per ton. DDG prices this week were trending higher heading into the Christmas and New Year’s holiday week. Merchandisers report the prices are firm due to tight supplies and the continued rise in soymeal prices. Cash soymeal prices are up an average of $26 to $28 per ton in the Midwest versus one week ago.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Dec. 23 was 128.34%, versus the 5-year average of 109%. The value of DDG relative to soybean meal was 48.67% versus the 3-year average of 42%. The cost per unit of protein for DDG was $7.59, compared to the cost per unit of protein for soybean meal at $8.87.

The Energy Information Administration reported Wednesday that total domestic ethanol inventories were higher for an eighth straight week for the week ended Dec. 18, rising to a 30-week high on overall weak demand and a 2% hike in production. Ethanol plant production moved off a 7-week low, up 19,000 barrels per day (bpd) to 976,000 bpd, 10% lower than the corresponding week in 2019. Four-week average output dropped 96,000 bpd against year ago to 974,000 bpd.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *