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Market Matters Blog 07/24 12:09
DTN Weekly DDG Price Higher on Average
DTN's weekly average spot price for domestic distillers dried grains is up
$2 versus one week ago.
Mary Kennedy
DTN Basis Analyst
MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers
dried grains (DDG) from 33 locations reporting for the week ended July 23 was
$155 per ton on average, up $2 on average versus one week ago.
DDG prices were higher on average for the week and the cash corn price was
higher versus one week ago. The DTN National Average Corn Index was up 19 cents
per bushel (basis SEP), while soybean meal prices were up $13.40 (basis DEC)
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 23 was 0.890%. The value of DDG relative to
soybean meal was 46.70% and the cost per unit of protein for DDG was $5.74
compared to the cost per unit of protein for soybean meal at $6.99 (basis DEC).
U.S. Grains and Bioproducts Council in its weekly distillers dried grains
with solubles (DDGS) export market prices report, showed these August prices as
of July 23: CIF NOLA barge price was up $6 at $225 metric ton (mt) versus on
week ago; FOB vessel Gulf price was up $3 at $242 mt; rail delivered PNW was up
$29 at $275; and rail delivered to California was up $16 at $248 mt.
The Energy Information Administration reported on Wednesday, July 22, that
overall ethanol production in the United States averaged 1.094 million barrels
per day (bpd) in the week ended July 17, up 54,000 bpd week-on-week and 16,000
bpd, or 1.5%, higher than in the same week last year. Four-week average output
at 1.086 million bpd was 4,000 bpd above the same four weeks last year. Midwest
ethanol production averaged 1.037 million bpd, up 61,000 bpd week-on-week and
11,000 bpd, or 1.1%, higher than in the same week last year. Four-week average
output at 1.024 million bpd was 1,000 bpd below the same four weeks last year.
Note: All prices subject to change/confirmation.
ALL PRICES SUBJECT TO CONFIRMATION CURRENT CURRENT CHANGE
COMPANY STATE 7/23/2026 7/16/2026
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $165 $165 $0
Wet $80 $80 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $165 $165 $0
Wet $70 $70 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $180 $175 $5
Indiana Dry $150 $145 $5
Iowa Dry $145 $145 $0
Michigan Dry $160 $157 $3
Minnesota Dry $135 $135 $0
New York Dry $170 $173 -$3
South Dakota Dry $155 $150 $5
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $180 $180 $0
Iowa Dry $155 $155 $0
Michigan Dry $180 $180 $0
Minnesota Dry $155 $155 $0
Missouri Dry $175 $170 $5
Ohio Dry $180 $180 $0
South Dakota Dry $155 $150 $5
Nebraska Dry $155 $150 $5
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $170 $170 $0
Wet $65 $65 $0
Ill SOLD OUT Dry $177 $177 $0
Nebraska Dry $165 $165 $0
Wet $60 $60 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $150 $150 $0
Indiana Dry $140 $140 $0
Iowa Dry $130 $130 $0
Michigan Dry $140 $140 $0
Minnesota Dry $125 $125 $0
Nebraska Dry $145 $140 $5
New York Dry $155 $155 $0
North Dakota Dry $140 $135 $5
Ohio Dry $140 $140 $0
South Dakota Dry $140 $135 $5
Wisconsin Dry $125 $125 $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $150 $145 $5
Western Kansas
Dry $188 $195 -$7
Wet $76 $72 $4
Western Milling
California Dry $250 $250 $0
**Weekly Average: $155 $153 $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.
NOTE: DDG table uses the futures with the highest volume: Currently DEC
VALUE OF DDG VS. CORN & SOYBEAN MEAL
Settlement Price: Quote Date Bushel Short Ton
Corn 7/23/2026 $4.8750 $174.1072
Soybean Meal 7/23/2026 $331.90
DDG Weekly Average Spot Price 7/23/2026 $155.00
DDG Value Relative to: 7/23 7/16
Corn 0.890% 0.923%
Soybean Meal 46.70% 47.46%
Cost Per Unit of Protein:
DDG $5.74 5.67
Soybean Meal $6.99 6.79
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 social platform X @MaryCKenn
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