DDG Weekly Update
1 Oct 2018
By Mary Kennedy
DTN Cash Grains Analyst
OMAHA (DTN) -- Distillers dried grains spot prices from the 40 locations DTN contacted were mixed, but on average, were $1 per ton higher versus one week ago at $134 per ton for the week ended Sept. 27.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Sept. 27 was at 102.86%. The value of DDG relative to soybean meal was at 43.48%. The cost per unit of protein for DDG was $4.96, compared to the cost per unit of protein for soybean meal at $6.49.
DDG spot prices were mixed this week, but slightly higher on average as higher corn and soymeal prices supported the market. Wednesday's Energy Information Administration report showed ethanol plant production declined 4% last week, helping to keep DDG supplies in line with the demand.
In its weekly distillers dried grains with solubles (DDGS) price update, U.S. Grains Council noted, "On average, DDGS prices for 40-foot containers to Southeast Asia fell $1/metric ton (MT) for October delivery. Containers to Vietnam fell $3/MT and DDGS at the Gulf fell $4/MT from last week to $186/MT. International demand is expected to eventually push DDGS values upwards, following corn futures."
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE |
| COMPANY | STATE | | 9/27/2018 | 9/20/2018 | |
| Bartlett and Company, Kansas City, MO (816-753-6300) | |
| Missouri | Dry | $145 | $140 | $5 |
| | Modified | $75 | $73 | $2 |
| | | | | |
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) |
| Missouri | Dry | $145 | $130 | $15 |
| | Wet | $75 | $70 | $5 |
| | | | | |
| CHS, Minneapolis, MN (800-769-1066) |
| Illinois | Dry | $140 | $140 | $0 |
| Indiana | Dry | $132 | $132 | $0 |
| Iowa | Dry | $130 | $130 | $0 |
| Michigan | Dry | $140 | $140 | $0 |
| Minnesota | Dry | $130 | $130 | $0 |
| North Dakota | Dry | $130 | $130 | $0 |
| New York | Dry | $155 | $155 | $0 |
| South Dakota | Dry | $130 | $130 | $0 |
| MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253) |
| Kansas | Dry | $140 | $140 | $0 |
| POET Nutrition, Sioux Falls, SD (888-327-8799) |
| Indiana | Dry | $132 | $135 | -$3 |
| Iowa | Dry | $130 | $130 | $0 |
| Michigan | Dry | $142 | $142 | $0 |
| Minnesota | Dry | $132 | $130 | $2 |
| Missouri | Dry | $147 | $150 | -$3 |
| Ohio | Dry | $138 | $140 | -$2 |
| South Dakota | Dry | $130 | $130 | $0 |
| United BioEnergy, Wichita, KS (316-616-3521) |
| Kansas | Dry | $135 | $130 | $5 |
| | Wet | $55 | $40 | $15 |
| Illinois | Dry | $148 | $147 | $1 |
| Nebraska | Dry | $135 | $130 | $5 |
| | Wet | $55 | $40 | $15 |
| U.S. Commodities, Minneapolis, MN (888-293-1640) |
| Illinois | Dry | $130 | $130 | $0 |
| Indiana | Dry | $130 | $127 | $3 |
| Iowa | Dry | $125 | $125 | $0 |
| Michigan | Dry | $130 | $130 | $0 |
| Minnesota | Dry | $120 | $120 | $0 |
| Nebraska | Dry | $135 | $135 | $0 |
| New York | Dry | $140 | $140 | $0 |
| North Dakota | Dry | $145 | $145 | $0 |
| Ohio | Dry | $125 | $130 | -$5 |
| South Dakota | Dry | $125 | $130 | -$5 |
| Wisconsin | Dry | $125 | $130 | -$5 |
| Valero Energy Corp, San Antonio Texas | (210-345-3362) | (210-345-3362) |
| Indiana | Dry | $135 | $135 | $0 |
| Iowa | Dry | $130 | $125 | $5 |
| Minnesota | Dry | $130 | $120 | $10 |
| Nebraska | Dry | $130 | $130 | $0 |
| Ohio | Dry | $135 | $140 | -$5 |
| South Dakota | Dry | $125 | $125 | $0 |
| California | | $187 | $185 | $2 |
| Western Milling, Goshen, California (559-302-1074) |
| California | Dry | $197 | $192 | $5 |
| *Prices listed per ton. |
| Weekly Average | | $134 | $133 | $1 |
| 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 | 9/27/2018 | $3.6475 | $130.27 |
| Soybean Meal | 9/27/2018 | $308.20 |
| DDG Weekly Average Spot Price | $134.00 |
| DDG Value Relative to: | 9/27 | 9/20 |
| Corn | 102.86% | 105.64% |
| Soybean Meal | 43.48% | 42.71% |
| Cost Per Unit of Protein: |
| DDG | $4.96 | $4.93 |
| Soybean Meal | $6.49 | $6.56 |
| 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
(BAS\SK)
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