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Market Matters Blog 01/02 11:49
DTN Weekly Average DDG Price Steady
DTN's weekly average spot price for domestic distillers dried grains is
unchanged versus two weeks 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 Dec. 31 was $164 per ton
on average, unchanged versus two weeks ago. It was a quiet week again given the
New Year's Day holiday and following the shortened week prior due to Christmas
Eve and Christmas Day.
DDG prices were mixed but steady on average again for the week, even with
the cash corn price slightly lower, while soybean meal prices were also lower,
down $2.90 versus two weeks ago. As for cash corn, the DTN National Average
Corn Index was down 2 cents versus two weeks ago.
Based on the average of prices collected by DTN, the value of DDG relative
to corn for the week ended Dec 31 was 1.043%. The value of DDG relative to
soybean meal was 54.78% and the cost per unit of protein for DDG was $6.07
compared to the cost per unit of protein for soybean meal at $6.30.
The Energy Information Administration reported for the week ended Dec. 26,
overall ethanol production in the United States averaged 1.12 million barrels
per day (bpd), up 25,000 bpd versus last week and 13,000 bpd, or 1.2%, higher
than in the same week last year. Four-week average output at 1.119 million bpd
was 26,000 bpd above the same four weeks last year. Midwest ethanol production
averaged 1.063 million bpd, up 25,000 bpd versus last week and 18,000 bpd, or
1.7%, higher than in the same week last year. Four-week average output at 1.062
million bpd was 31,000 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 12/31/2025 12/18/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $185 $190 -$5
Wet $90 $90 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $185 $180 $5
Wet $95 $95 $0
CHS, Minneapolis, MN (800-769-1066)
call Illinois Dry $163 $163 $0
call Indiana Dry $150 $150 $0
call Iowa Dry $150 $150 $0
call Michigan Dry $150 $150 $0
call Minnesota Dry $150 $150 $0
call New York Dry $178 $178 $0
call South Dakota Dry $170 $170 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $175 $175 $0
Iowa Dry $170 $170 $0
Michigan Dry $175 $175 $0
Minnesota Dry $170 $170 $0
Missouri Dry $178 $178 $0
Ohio Dry $175 $175 $0
South Dakota Dry $172 $172 $0
Nebraska Dry $178 $178 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $180 $180 $0
Wet $70 $70 $0
Ill SOLD OUT 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 $145 $145 $0
Michigan Dry $145 $145 $0
Minnesota Dry $145 $145 $0
Nebraska Dry $165 $165 $0
New York Dry $175 $175 $0
North Dakota Dry $165 $165 $0
Ohio Dry $160 $160 $0
South Dakota Dry $155 $155 $0
Wisconsin Dry $140 $140 $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $140 $137 $3
Western Kansas
Dry $212 $203 $9
Wet $75 $74 $1
Western Milling
California Dry $252 $252 $0
**Weekly Average: $164 $164 $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 12/31/2025 $4.4025 $157.2322
Soybean Meal 12/31/2025 $299.40
DDG Weekly Average Spot Price 12/31/2025 $164.00
DDG Value Relative to: 12/31 12/24
Corn 1.043% 1.033%
Soybean Meal 54.78% 54.25%
Cost Per Unit of Protein:
DDG $6.07 6.07
Soybean Meal $6.30 6.36
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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