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Market Matters Blog 10/17 12:00
DTN Weekly DDG Price Slightly 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 Oct. 16 was $145 per ton
on average, down $1 versus one week ago.
DDG prices were mixed but slightly lower on average for the week, while the
cash corn price was higher versus last week. Ethanol plant production was
higher again so DDG supplies should be plentiful enough to meet any spot
demand. The DTN National Average Corn Index was up 3 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 Oct. 16 was 0.963%. The value of DDG relative to
soybean meal was 52.37% and the cost per unit of protein for DDG was $5.37
compared to the cost per unit of protein for soybean meal at $5.83.
U.S. Grains Council, in its weekly distillers dried grains with solubles
(DDGS) export market prices report, showed as of Oct. 16, CIF NOLA barge price
was up $7 at $214 metric ton (mt); FOB vessel Gulf price was steady at $227 mt;
rail delivered PNW was down $4 at $232; and rail delivered to California was
down $2 at $224 mt. The Mississippi River at Memphis is at -8.17 feet below
zero gauge and draft restrictions of 9'6" are in place. USCG also restricted
traffic to one way up or down river at MM709 to MM711.
The Energy Information Administration reported on Wednesday for the week
ended Oct. 10, overall ethanol production in the United States averaged 1.074
million barrels per day (bpd), up 3,000 bpd versus last week and 32,000 bpd, or
3%, higher than in the same week last year. Four-week average output at 1.041
million bpd was 19,000 bpd above the same four weeks last year. Midwest ethanol
production averaged 1.024 million bpd, down 1,000 bpd versus last week and
39,000 bpd, or 3.8%, higher than in the same week last year. Four-week average
output at 988,000 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 10/16/2025 10/9/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $155 $155 $0
Wet $80 $80 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $155 $155 $0
Wet $80 $80 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $150 $150 $0
Indiana Dry $132 $135 -$3
Iowa Dry $130 $130 $0
Michigan Dry $145 $145 $0
Minnesota Dry $130 $130 $0
New York Dry $165 $165 $0
South Dakota Dry $130 $135 -$5
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $165 $165 $0
Iowa Dry $142 $142 $0
Michigan Dry $165 $165 $0
Minnesota Dry $142 $142 $0
Missouri SUBJ Dry $160 $160 $0
Ohio Dry $165 $165 $0
South Dakota SUBJ Dry $145 $145 $0
Nebraska SUBJ Dry $150 $150 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $160 $160 $0
Wet $50 $60 -$10
Ill SOLD OUT Oct Dry $155 $155 $0
Nebraska Dry $155 $155 $0
Wet $50 $50 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $142 $142 $0
Indiana Dry $138 $138 $0
Iowa Dry $135 $135 $0
Michigan Dry $140 $140 $0
Minnesota Dry $130 $130 $0
Nebraska Dry $140 $140 $0
New York Dry $155 $155 $0
North Dakota Dry $135 $135 $0
Ohio Dry $145 $145 $0
South Dakota Dry $135 $135 $0
Wisconsin Dry $135 $135 $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $130 $130 $0
Western Kansas
Dry $178 $185 -$7
Wet $55 $60 -$5
Western Milling
California Dry $208 $208 $0
**Weekly Average: $145 $146 -$1
(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 10/16/2025 $4.2175 $150.6250
Soybean Meal 10/16/2025 $276.90
DDG Weekly Average Spot Price 10/16/2025 $145.00
DDG Value Relative to: 10/16 10/9
Corn 0.963% 0.977%
Soybean Meal 52.37% 52.73%
Cost Per Unit of Protein:
DDG 5.37 5.41
Soybean Meal 5.83 5.83
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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