(701) 547-3291

 
Printable Page US Ag News   Return to Menu - Page 1 2 3 4 5 6
 
 
DDG Weekly Update             04/09 11:54

   DTN Weekly Average DDG Price Lower

   DTN's weekly spot price for domestic distillers dried grains was lower on 
average versus a week ago.

Mary Kennedy
DTN Basis Analyst

   OMAHA (DTN) -- The average price for domestic distillers dried grains (DDG) 
from the 39 locations DTN contacted with spot offers for the week ended April 8 
was $212 per ton, down $10 from one week ago.

   DDG prices were lower as plant production has picked up, creating enough 
supply of DDG to meet current demand. As plants head into spring maintenance, 
we may see supplies become tighter, but the flip side is that with the warmer 
weather and greening pastures, demand may lessen for domestic feeding.

   Wednesday's Energy Information Administration report showed Overall ethanol 
plant production higher, up 10,000 barrels per day (bpd) or 1% to 975,000 bpd, 
the highest level since the week ended Dec. 18, 2020. Four-week average output 
at 958,000 bpd was 70,000 bpd higher than the corresponding four weeks in 2020.

   Based on the average of prices collected by DTN, the value of DDG relative 
to corn for the week ended April 8 was 102.39% versus the five-year average of 
109%. The value of DDG relative to soybean meal was 52.11% versus the 
three-year average of 42%. The cost per unit of protein for DDG was $7.85, 
compared to the cost per unit of protein for soybean meal at $8.56.

   In their weekly DDGS export price update, the U.S. Grains Council said, "On 
the export front, markets are slightly weaker with limited news on fundamental 
drivers. Barge CIF NOLA values are down $13 metric ton (mt) for Q2 positions 
while FOB NOLA offers are down $15/mt. Prices for 40-foot containers to 
Southeast Asia are mostly steady this week at $343/mt for May and June 
shipment. Industry sources say general rate increases (GRIs) are planned for 
the container market at the end of April and likely again at the end of May."

   The U.S. Census Bureau reported this week that U.S. exports of DDGS totaled 
779,324 mt in February, down from 916,541 mt in January and down 9% from a year 
ago. Mexico was the top destination in February, taking 16% of U.S. exports and 
was followed by Indonesia, South Korea and numerous other customers. In the 
first two months of 2021, U.S. exports of DDGS are down 7% from a year ago.

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

ALL PRICES SUBJECT TO CONFIRMATION     CURRENT     PREVIOUS   CHANGE
COMPANY     STATE                      4/8/2021    3/31/2021
Bartlett and Company, Kansas City, MO (816 714 3413)
            Missouri             Dry   $225        $225       $0
                                 Wet   $113        $113       $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
                                 Dry   $210        $220       -$10
                                 Wet   $105        $110       -$5
CHS, Minneapolis, MN (800-769-1066)
            Illinois             Dry   $208        $225       -$17
            Indiana              Dry   $208        $225       -$17
            Iowa                 Dry   $208        $220       -$12
            Michigan             Dry   $210        $225       -$15
            Minnesota            Dry   $210        $220       -$10
            North Dakota         Dry   $210        $220       -$10
            New York             Dry   $225        $250       -$25
            South Dakota         Dry   $208        $220       -$12
POET Nutrition, Sioux Falls, SD (888-327-8799)
            Indiana              Dry   $215        $235       -$20
            Iowa                 Dry   $205        $225       -$20
            Michigan             Dry   $210        $230       -$20
            Minnesota            Dry   $205        $225       -$20
            Missouri             Dry   $230        $255       -$25
            Ohio                 Dry   $210        $230       -$20
            South Dakota         Dry   $205        $225       -$20
United BioEnergy, Wichita, KS (316-616-3521)
            Kansas               Dry   $230        $230       $0
                                 Wet   $85         $85        $0
            Illinois             Dry   $212        $227       -$15
            Nebraska             Dry   $230        $230       $0
                                 Wet   $85         $85        $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
            Illinois             Dry   $215        $215       $0
            Indiana              Dry   $215        $215       $0
            Iowa                 Dry   $205        $205       $0
            Michigan             Dry   $210        $210       $0
            Minnesota            Dry   $210        $210       $0
            Nebraska             Dry   $210        $210       $0
            New York             Dry   $240        $240       $0
            North Dakota         Dry   $210        $210       $0
            Ohio                 Dry   $210        $210       $0
            South Dakota         Dry   $200        $200       $0
            Wisconsin            Dry   $205        $205       $0
Valero Energy Corp, San Antonio, Texas
            Indiana              Dry   $210        $230       -$20
            Iowa                 Dry   $0          $0         $0
            Minnesota            Dry   $0          $0         $0
            Nebraska             Dry   $0          $0         $0
            Ohio                 Dry   $220        $240       -$20
            South Dakota         Dry   $0          $0         $0
            California           Dry   $0          $0         $0
Western Milling, Goshen, California (559-302-1074)
            California           Dry   $286        $285       $1
*Prices listed per ton.
            Weekly Average             $212        $222       -$10
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                                     4/8/2021      $5.7975   $207.05
Soybean Meal                             4/8/2021                $406.80
DDG Weekly Average Spot Price                                    $212.00
DDG Value Relative to:                                 4/8       3/31
Corn                                                   102.39%   110.16%
Soybean Meal                                           52.11%    52.46%
Cost Per Unit of Protein:
DDG                                                    $7.85     $8.22
Soybean Meal                                           $8.56     $8.91
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.

Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN