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Market Matters Blog 07/03 11:18
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 July 2 was $148 per ton on
average, $2 lower versus one week ago.
DDG prices were mixed for the week, but lower on average. The hot weather
recently was not good for spot demand as cattle appetites are reduced during
hot weather. DTN's National Average Corn Index is up 14 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 July 2 was 0.965%. The value of DDG relative to
soybean meal was 54.33% and the cost per unit of protein for DDG was $5.48
compared to the cost per unit of protein for soybean meal at $5.73. (Table is
still using July futures.)
The Energy Information Administration reported Wednesday for the week ending
June 27, overall ethanol production in the United States averaged 1.076 million
barrels per day (bpd), down 5,000 bpd week-on-week and 22,000 bpd, or 2%,
higher than in the same week last year. The four-week average output at 1.097
million bpd was 42,000 bpd above the same four weeks last year. Midwest ethanol
production averaged 1.016 million bpd, down 7,000 bpd week-on-week and 15,000
bpd, or 1.5%, higher than in the same week last year. The four-week average
output at 1.038 million bpd was 39,000 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 7/2/2025 6/26/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $150 $150 $0
Wet $80 $80 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $155 $155 $0
Wet $75 $75 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $150 $150 $0
Indiana Dry $135 $138 -$3
Iowa Dry $140 $142 -$2
Michigan Dry $145 $148 -$3
Minnesota Dry $135 $130 $5
New York Dry $158 $158 $0
South Dakota Dry $135 $135 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $172 $172 $0
Iowa Dry $150 $150 $0
Michigan Dry $175 $175 $0
Minnesota Dry $150 $150 $0
Missouri Dry $155 $160 -$5
Ohio Dry $172 $172 $0
South Dakota Dry $150 $155 -$5
Nebraska Dry $145 $150 -$5
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $150 $155 -$5
Wet $50 $60 -$10
Illinois NO JULY Dry $0 $0 $0
Nebraska Dry $140 $153 -$13
Wet $45 $60 -$15
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $143 $143 $0
Indiana Dry $142 $142 $0
Iowa Dry $135 $135 $0
Michigan Dry $142 $142 $0
Minnesota Dry $135 $138 -$3
Nebraska Dry $152 $155 -$3
New York Dry $160 $165 -$5
North Dakota Dry $150 $150 $0
Ohio Dry $142 $142 $0
South Dakota Dry $145 $145 $0
Wisconsin Dry $135 $135 $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB PickettNO OFFER Dry $150 $150 $0
Western Kansas
Dry $178 $183 -$5
Wet $68 $72 -$4
Western Milling
California Dry $219 $220 -$1
**Weekly Average: $148 $150 -$2
(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 7/2/2025 $4.2925 $153.3036
Soybean Meal 7/2/2025 $272.40
DDG Weekly Average Spot Price 7/2/2025 $148.00
DDG Value Relative to: 7/2 6/25
Corn 0.965% 1.031%
Soybean Meal 54.33% 54.71%
Cost Per Unit of Protein:
DDG 5.48 5.59
Soybean Meal 5.73 5.81
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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