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Market Matters Blog 03/20 12:15
DTN Weekly Average DDG Price Up $3 Per Ton
DTN's weekly average spot price for domestic distillers dried grains is
higher versus one week ago.
Mary Kennedy
DTN Basis Analyst
MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers
dried grains (DDG) from 33 locations reporting for the week ended March 19 was
$180 per ton on average, up $3 versus one week ago.
DDG prices were mixed but higher on average again for the week, with the
cash corn and soybean meal prices higher again as well. Soybean meal prices
were up $12.20 versus one week ago. As for cash corn, the DTN National Average
Corn Index was up 8 cents versus one week ago. So far this month, DDG prices
have been rising in sync with other higher-priced animal feeds.
Based on the average of prices collected by DTN, the value of DDG relative
to corn for the week ended March 19 was 1.073%. The value of DDG relative to
soybean meal was 54.14% and the cost per unit of protein for DDG was $6.67
compared to the cost per unit of protein for soybean meal at $7.
U.S. Grains and Bioproducts Council, in its weekly distillers dried grains
with solubles (DDGS) export market prices report, showed these April prices as
of March 19: CIF NOLA barge price was steady at $249 metric ton (mt) versus on
week ago; FOB vessel Gulf price was down $4 at $260 mt; rail delivered PNW was
down $11 at $270; and rail delivered to California was down $5 at $265 mt.
Ethanol production in the United States averaged 1.093 million barrels per
day (bpd) in the week ended March 13, according to the Energy Information
Administration. That is down 33,000 bpd week-on-week and 40,000 bpd, or 3.8%,
higher than in the same week last year. Four-week average output at 1.107
million bpd was 22,000 bpd above the same four weeks last year. Midwest ethanol
production averaged 1.035 million bpd, down 43,000 bpd week-on-week and 33,000
bpd, or 3.3%, higher than in the same week last year. Four-week average output
at 1.054 million bpd was 20,000 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 3/19/2026 3/12/2026
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $180 $175 $5
Wet $100 $95 $5
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $185 $175 $10
Wet $100 $95 $5
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $195 $190 $5
Indiana Dry $175 $170 $5
Iowa Dry $168 $168 $0
Michigan Dry $170 $168 $2
Minnesota Dry $158 $158 $0
New York Dry $195 $200 -$5
South Dakota Dry $170 $170 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $190 $190 $0
Iowa Dry $175 $175 $0
Michigan Dry $190 $190 $0
Minnesota Dry $175 $175 $0
Missouri Dry $185 $175 $10
Ohio Dry $190 $190 $0
South Dakota Dry $170 $165 $5
Nebraska Dry $190 $175 $15
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $190 $190 $0
Wet $80 $80 $0
Ill NO March Dry $185 $185 $0
Nebraska Dry $185 $185 $0
Wet $75 $75 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $200 $190 $10
Indiana Dry $180 $175 $5
Iowa Dry $170 $165 $5
Michigan Dry $175 $170 $5
Minnesota Dry $165 $165 $0
Nebraska Dry $180 $175 $5
New York Dry $205 $200 $5
North Dakota Dry $180 $178 $2
Ohio Dry $185 $180 $5
South Dakota Dry $180 $175 $5
Wisconsin Dry $165 $160 $5
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOBPickett NO offer NW Dry $165 $165 $0
Western Kansas
Dry $215 $205 $10
Wet $78 $75 $3
Western Milling
California Dry $259 $257 $2
**Weekly Average: $180 $177 $3
(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 3/19/2026 $4.6975 $167.7679
Soybean Meal 3/19/2026 $332.50
DDG Weekly Average Spot Price 3/19/2026 $180.00
DDG Value Relative to: 3/19 3/12
Corn 1.073% 1.072%
Soybean Meal 54.14% 55.28%
Cost Per Unit of Protein:
DDG $6.67 6.56
Soybean Meal $7.00 6.74
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
(c) Copyright 2026 DTN, LLC. All rights reserved.
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