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Market Matters Blog 12/12 12:27
DTN Weekly DDG Price Higher on Average
DTN's weekly average spot price for domestic distillers dried grains is
higher 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 Dec. 11 was $161 per ton
on average, up $3 versus one week ago.
DDG prices were mixed but higher on average again for the week, with the
cash corn price slightly higher, while soybean meal prices were weaker, down
$9.10 versus one week ago. As for cash corn, the DTN National Average Corn
Index was up 1 cent versus one week ago.
Based on the average of prices collected by DTN, the value of DDG relative
to corn for the week ended Dec 11 was 1.010%. The value of DDG relative to
soybean meal was 53.29% and the cost per unit of protein for DDG was $5.96
compared to the cost per unit of protein for soybean meal at $6.36.
U.S. Grains Council, in its weekly distillers dried grains with solubles
(DDGS) export market prices report, showed January prices as of Dec. 11: CIF
NOLA barge price was up $4 at $219 metric ton (mt); FOB vessel Gulf price was
up $2 at $237 mt; rail delivered PNW was up $17 at $284; and rail delivered to
California was up $20 at $274 mt.
Ethanol production in the United States averaged 1.105 million barrels per
day (bpd) during the week ended Dec. 3, down 21,000 bpd week-on-week and 2,000
bpd, or 0.2%, higher than in the same week last year, according to the Energy
Information Administration. Four-week average output at 1.109 million bpd was
14,000 bpd above the same four weeks last year. Midwest ethanol production
averaged 1.046 million bpd, down 22,000 bpd week-on-week and 1,000 bpd, or
0.1%, higher than in the same week last year. Four-week average output at 1.05
million bpd was 21,000 bpd above the same four weeks last year.
Note: All prices subject to change/confirmation.
ALL PRICES SUBJECT TO CONFIRMATION CURRENT CURRENT CHANGE
COMPANY STATE 12/11/2025 12/4/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $180 $175 $5
Wet $90 $90 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $175 $170 $5
Wet $92 $90 $2
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $162 $160 $2
Indiana Dry $145 $145 $0
Iowa Dry $147 $143 $4
Michigan Dry $150 $150 $0
Minnesota Dry $150 $135 $15
New York Dry $178 $178 $0
South Dakota Dry $170 $160 $10
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $165 $165 $0
Iowa Dry $170 $170 $0
Michigan Dry $168 $168 $0
Minnesota Dry $170 $170 $0
Call Missouri Dry $175 $175 $0
Ohio Dry $165 $165 $0
Call South Dakota Dry $165 $165 $0
Call Nebraska Dry $175 $175 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $170 $170 $0
Wet $55 $55 $0
Ill SOLD OUT DEC Dry $165 $165 $0
Nebraska Dry $165 $165 $0
Wet $55 $55 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $155 $150 $5
Indiana Dry $145 $145 $0
Iowa Dry $145 $140 $5
Michigan Dry $145 $140 $5
Minnesota Dry $145 $140 $5
Nebraska Dry $165 $165 $0
New York Dry $175 $165 $10
North Dakota Dry $165 $155 $10
Ohio Dry $160 $155 $5
South Dakota Dry $155 $150 $5
Wisconsin Dry $140 $135 $5
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $137 $137 $0
Western Kansas
CALL Dry $196 $196 $0
Wet $72 $72 $0
Western Milling
California Dry $252 $247 $5
**Weekly Average: $161 $158 $3
(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 12/11/2025 $4.4650 $159.4643
Soybean Meal 12/11/2025 $302.10
DDG Weekly Average Spot Price 12/11/2025 $161.00
DDG Value Relative to: 12/11 12/4
Corn 1.010% 0.989%
Soybean Meal 53.29% 50.77%
Cost Per Unit of Protein:
DDG $5.96 5.85
Soybean Meal $6.36 6.55
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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