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Market Matters Blog 01/16 11:53
DTN Weekly DDG Price Lower on Average
DTN's weekly average spot price for domestic distillers dried grains is
lower versus one week 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 Jan. 15 was $161 per ton
on average, $3 lower versus one week ago.
DDG prices were mixed but lower on average for the week, with the cash corn
price dropping and soybean meal prices down $14.40 versus one week ago. As for
cash corn, the DTN National Average Corn Index was down 26 cents versus one
week ago.
Based on the average of prices collected by DTN, the value of DDG relative
to corn for the week ended Jan 15 was 1.086%. The value of DDG relative to
soybean meal was 56.36% and the cost per unit of protein for DDG was $6.04
compared to the cost per unit of protein for soybean meal at $6.09.
U.S. Grains and Bioproducts Council, in its weekly distillers dried grains
with solubles (DDGS) export market prices report, showed February prices as of
Jan. 15: CIF NOLA barge price was up $9 at $220 metric ton (mt) versus on week
ago; FOB vessel Gulf price was up $7 at $244 mt; rail delivered PNW was
unchanged at $256; and rail delivered to California was down $1 at $250 mt.
The Energy Information Administration reported for the week ended Jan. 9,
overall ethanol production in the United States averaged 1.196 million barrels
per day (bpd), up 98,000 bpd versus last week and 101,000 bpd, or 9.2%, higher
than in the same week last year. This was a new record, beating the old record
by 5.75%. Four-week average output at 1.127 million bpd was 23,000 bpd above
the same four weeks last year. Midwest ethanol production averaged 1.139
million bpd, up 98,000 bpd versus last week and 98,000 bpd, or 9.4% higher than
in the same week last year. Four-week average output at 1.07 million bpd was
24,000 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 1/15/ 1/8/2025
2025
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $185 $185 $0
Wet $90 $90 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $170 $175 -$5
Wet $90 $85 $5
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $160 $163 -$3
Indiana Dry $150 $150 $0
Iowa Dry $145 $150 -$5
Michigan Dry $150 $152 -$2
Minnesota Dry $147 $150 -$3
New York Dry $180 $182 -$2
South Dakota Dry $160 $160 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $185 $185 $0
Iowa Dry $165 $168 -$3
Michigan Dry $180 $180 $0
Minnesota Dry $165 $168 -$3
Missouri Dry $175 $178 -$3
Ohio Dry $180 $180 $0
South Dakota Dry $163 $170 -$7
Nebraska Dry $168 $175 -$7
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $180 $180 $0
Wet $70 $70 $0
Ill SOLD OUT Jan. 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 $140 $145 -$5
Michigan Dry $145 $145 $0
Minnesota Dry $140 $145 -$5
Nebraska Dry $150 $165 -$15
New York Dry $175 $175 $0
North Dakota Dry $160 $165 -$5
Ohio Dry $160 $160 $0
South Dakota Dry $150 $155 -$5
Wisconsin Dry $140 $140 $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $140 $140 $0
Western Kansas
Dry $210 $212 -$2
Wet $71 $75 -$4
Western Milling
California SUBJ Dry $240 $240 $0
**Weekly Average: $161 $164 -$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 1/15/2026 $4.2025 $150.0893
Soybean Meal 1/15/2026 $289.20
DDG Weekly Average Spot Price 1/15/2026 $163.00
DDG Value Relative to: 1/15 1/8
Corn 1.086% 1.030%
Soybean Meal 56.36% 54.02%
Cost Per Unit of Protein:
DDG $6.04 6.07
Soybean Meal $6.09 6.39
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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