Printable Page US Ag News   Return to Menu - Page 1 2 3 4 5 6
 
 
DDG Weekly Update             12/03 11:03

   DTN Weekly DDG Price Higher on Average

   DTN's weekly average spot price for domestic distillers dried grains was up 
$1 on average versus two weeks ago.

Mary Kennedy
DTN Basis Analyst

   OMAHA (DTN) -- The DTN average price for domestic distillers dried grains 
(DDG) from 33 locations reporting for the week ended Dec. 2 was $185 per ton, 
up $1 per ton on average from two weeks ago. DDG prices were mixed but firm 
even as soybean meal prices have been volatile the past week. Also supportive 
to DDG has been good demand in the domestic market.

   Wednesday's Energy Information Administration (EIA) report showed overall 
ethanol production fell 44,000 barrels per day (bpd) to a seven-week low 1.035 
million bpd as of Nov. 26, 6.3% above the same week in 2020. Midwest PADD 2 
plant production dropped 46,000 bpd last week to 978,000 bpd, 5.6% higher than 
output during the corresponding week last year.

   Based on the average of prices collected by DTN, the value of DDG relative 
to corn for the week ended Dec. 2 was 89.77%. The value of DDG relative to 
soybean meal was 51.67% and the cost per unit of protein for DDG was $6.85, 
compared to the cost per unit of protein for soybean meal at $7.54.

   In its weekly DDGS export price update, the U.S. Grains Council said: 
"Brokers and exporters report that DDGS demand is quiet on the export market 
following the U.S. Thanksgiving holiday. Barge CIF NOLA prices are down $10 
metric ton (mt) since the last Market Perspectives report while FOB NOLA offers 
are down $3 to $4/mt for Q1 2022 positions. U.S. rail rates are similarly down 
$3 to $5/mt from two weeks ago while offers for 40-foot containers to Southeast 
Asia are steady/$3 lower at $354/mt this week."

   NOTE: All prices listed below can change at any time and are subject to 
confirmation from seller.

ALL PRICES SUBJECT TO CONFIRMATION      CURRENT        CURRENT         CHANGE
COMPANY    STATE                        12/2/2021      11/18/2021
Bartlett and Company, Kansas City, MO (816 714 3413)
           Missouri               Dry   $208           $208            $0
                                  Wet   $104           $104            $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
                                  Dry   $210           $205            $5
                                  Wet   $110           $105            $5
CHS, Minneapolis, MN (800-769-1066)
           Illinois               Dry   $195           $195            $0
           Indiana                Dry   $160           $155            $5
           Iowa                   Dry   $170           $170            $0
           Michigan               Dry   $150           $150            $0
           Minnesota              Dry   $170           $175            -$5
           North Dakota           Dry   $180           $180            $0
           New York               Dry   $180           $185            -$5
           South Dakota           Dry   $180           $180            $0
MGP Ingredients, Atchison, KS (800-255-0302)
                                  Dry
POET Nutrition, Sioux Falls, SD (888-327-8799)
           Indiana                Dry   $185           $185            $0
           Iowa                   Dry   $175           $175            $0
           Michigan               Dry   $185           $185            $0
           Minnesota              Dry   $180           $180            $0
           Missouri               Dry   $205           $205            $0
           Ohio                   Dry   $185           $185            $0
           South Dakota           Dry   $186           $186            $0
           Nebraska               Dry   $190           $190            $0
United BioEnergy, Wichita, KS (316-616-3521)
           Kansas                 Dry   $220           $220            $0
                                  Wet   $80            $80             $0
           Illinois               Dry   $205           $205            $0
           Nebraska               Dry   $220           $220            $0
                                  Wet   $80            $80             $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
           Illinois               Dry   $175           $175            $0
           Indiana                Dry   $170           $170            $0
           Iowa                   Dry   $170           $170            $0
           Michigan               Dry   $170           $180            -$10
           Minnesota              Dry   $165           $165            $0
           Nebraska               Dry   $195           $190            $5
           New York               Dry   $200           $200            $0
           North Dakota           Dry   $220           $198            $22
           Ohio                   Dry   $165           $165            $0
           South Dakota           Dry   $190           $185            $5
           Wisconsin              Dry   $170           $170            $0
           Western Kansas         Dry   $255           $267            -$12
                                  Wet   $95            $100            -5
           Central Kansas         Dry   $245           $240            5
                                  Wet   $87            $85             2
Western Milling, Goshen, California (559-302-1074)
           California             Dry   $293           $292            $1
*Prices listed per ton.                 $185           $184            $1
Weekly Average:
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                                      12/2/2021      $5.7700   $206.07
Soybean Meal                              12/2/2021                $358.00
DDG Weekly Average Spot Price                                      $185.00
DDG Value Relative to:                                   12/2      11/18
Corn                                                     89.77%    89.91%
Soybean Meal                                             51.67%    49.68%
Cost Per Unit of Protein:
DDG                                                      $6.85     $6.81
Soybean Meal                                             $7.54     $7.80
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




(c) Copyright 2021 DTN, LLC. All rights reserved.

Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN