DDG Weekly: Prices Steady Through Holidays – DTN

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Large Pile of Dried Distillers Grains (DDGS) at Golden Grain Energy in Mason City, Iowa. Photo: Iowa Renewable Fuels Association

The domestic distillers dried grains (DDG) weekly average spot price from the 40 locations DTN contacted was unchanged at $150 per ton for the week ended Jan. 2. Prices have been steady during the holiday break as cash corn prices have been mostly unchanged overall.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Jan. 2 was at 107.28%. The value of DDG relative to soybean meal was at 49.90%. The cost per unit of protein for DDG was $5.56, compared to the cost per unit of protein for soybean meal at $6.33.

In its weekly export DDGS update, the U.S. Grains Council noted, “DDGS markets are quiet this week with the New Year’s holiday dampening trading activity. Merchandisers report that between the holiday, staff vacations, and no significant logistics issues, markets are thinly traded and prices are mostly in-line with the prior two week’s values.

“Indications for January DDGS FOB NOLA are steady while offers for February and March are down $1/MT from last week. Conversely, prices for 40-foot containers to Southeast Asia are up $1/MT for deferred months, while spot values are unchanged at $246/MT.”

* CIF (cost, insurance and freight paid by seller) NOLA (New Orleans)

* FOB (free on board means buyer pays costs of ocean freight, insurance, unloading, and transportation from originating port)

ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 1/2/2020 12/19/2019
Bartlett and Company, Kansas City, MO (816-753-6300)
Missouri Dry $165 $165 $0
Wet $83 $83 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Missouri Dry $165 $165 $0
Wet $80 $80 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $155 $145 $10
Indiana Dry $150 $150 $0
Iowa Dry $140 $140 $0
Michigan Dry $145 $150 -$5
Minnesota Dry $140 $140 $0
North Dakota Dry $145 $145 $0
New York Dry $155 $155 $0
South Dakota Dry $140 $140 $0
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
Kansas Dry $160 $160 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $155 $155 $0
Iowa Dry $140 $142 -$2
Michigan Dry $145 $145 $0
Minnesota Dry $139 $140 -$1
Missouri Dry $158 $160 -$2
Ohio Dry $160 $155 $5
South Dakota Dry $158 $152 $6
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $165 $165 $0
Wet $65 $65 $0
Illinois FEB Dry $160 $155 $5
Nebraska Dry $160 $160 $0
Wet $65 $65 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Subject Illinois Dry $155 $155 $0
Subject Indiana Dry $155 $155 $0
Subject Iowa Dry $145 $145 $0
Subject Michigan Dry $150 $150 $0
Subject Minnesota Dry $140 $140 $0
Subject Nebraska Dry $165 $165 $0
Subject New York Dry $170 $170 $0
Subject North Dakota Dry $150 $150 $0
Subject Ohio Dry $160 $160 $0
Subject South Dakota Dry $140 $140 $0
Subject Wisconsin Dry $140 $140 $0
Valero Energy Corp, San Antonio Texas
Indiana Dry $150 $150 $0
Iowa Dry $135 $135 $0
Minnesota Dry $135 $135 $0
Nebraska Dry $145 $145 $0
Ohio Dry $155 $155 $0
South Dakota Dry $140 $140 $0
California Dry $208 $208 $0
Western Milling, Goshen, California (559-302-1074)
California Dry $216 $218 -$2
*Prices listed per ton.
Weekly Average $150 $150 $0
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 1/2/2020 $3.9150 $139.82
Soybean Meal 1/2/2020 $300.60
DDG Weekly Average Spot Price $150.00
DDG Value Relative to: 1/2 12/19
Corn 107.28% 108.67%
Soybean Meal 49.90% 50.27%
Cost Per Unit of Protein:
DDG $5.56 $5.56
Soybean Meal $6.33 $6.28
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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