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Market Matters Blog 06/12 12:22
DTN Weekly Average DDG Price Plunges
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 average DTN spot price for domestic distillers
dried grains (DDG) from 33 locations reporting for the week ended June 11 was
$160 per ton on average, down $14 on average versus one week ago. One
merchandiser told DTN, "Demand is weak and inventory is high."
DDG prices were lower on average for the week, with some plants posting
sharply lower prices again. The cash corn price was lower and soybean meal
prices were lower versus one week ago, down $19.00 per ton. As for cash corn,
the DTN National Average Corn Index was down 17 cents per bushel versus one
week ago. Since June 1, the corn futures have dropped 33 cents, also adding
pressure on DDG. DDG prices have dropped $22 in the past 2 weeks.
Based on the average of prices collected by DTN, the value of DDG relative
to corn for the week ended June 11 was 1.088%. The value of DDG relative to
soybean meal was 53.03% and the cost per unit of protein for DDG was $5.93
compared to the cost per unit of protein for soybean meal at $6.35.
U.S. Grains and Bioproducts Council, in its weekly distillers dried grains
with solubles (DDGS) export market prices report, showed these July prices as
of June 11: CIF NOLA barge price was down $10 at $230 metric ton (mt) versus on
week ago; FOB vessel Gulf price was down $8 at $260 mt; rail delivered PNW was
up $1 at $252; and rail delivered to California was up $1 at $251 mt.
USDA used the U.S. Census Bureau this past week to report on DDGS exports
for April. U.S. exports of DDGS totaled 1,020,732 mt in April, down from
1,028,779 mt in March, but the largest April exports on record. Mexico was the
top destination in April, taking over 20% of U.S. exports, and was followed by
Indonesia and South Korea. Through April, 2026 exports of DDGS are running 11%
ahead of the same point in 2025.
The Energy Information Administration reported Wednesday (6/10) that overall
ethanol production in the United States averaged 1.108 million bpd in the week
ending June 5, unchanged from the previous week but down 12,000 bpd, or 1.1%,
from the same week last year. Four-week average output at 1.104 million bpd was
25,000 bpd above the same four weeks last year. Midwest ethanol production
averaged 1.049 million bpd, up 2,000 bpd week-on-week but down 12,000 bpd, or
1.1%, from the same week last year. Four-week average output at 1.047 million
bpd was 57,000 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 6/11/2026 6/4/2026
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $175 $185 -$10
Wet $85 $90 -$5
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $175 $175 $0
Wet $75 $75 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $175 $180 -$5
Indiana Dry $160 $160 $0
Iowa Dry $160 $165 -$5
Michigan Dry $165 $167 -$2
Minnesota Dry $155 $163 -$8
New York Dry $195 $195 $0
South Dakota Dry $170 $170 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $196 $196 $0
Iowa Dry $175 $185 -$10
Michigan Dry $196 $196 $0
Minnesota Dry $175 $185 -$10
Missouri Dry $190 $200 -$10
Ohio Dry $196 $196 $0
South Dakota Dry $175 $185 -$10
Nebraska Dry $175 $185 -$10
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $175 $185 -$10
Wet $68 $68 $0
Ill NO JUNE Dry $0 $0 $0
Nebraska Dry $170 $180 -$10
Wet $70 $70 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $165 $175 -$10
Indiana Dry $150 $160 -$10
Iowa Dry $145 $155 -$10
Michigan Dry $145 $155 -$10
Minnesota Dry $140 $150 -$10
Nebraska Dry $150 $160 -$10
New York Dry $170 $185 -$15
North Dakota Dry $140 $145 -$5
Ohio Dry $155 $160 -$5
South Dakota Dry $130 $150 -$20
Wisconsin Dry $140 $145 -$5
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $155 $165 -$10
Western Kansas
Dry $200 $230 -$30
Wet $70 $72 -$2
Western Milling
California Dry $253 $260 -$7
**Weekly Average: $160 $174 -$14
(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 6/11/2026 $4.1175 $147.0536
Soybean Mea 6/11/2026 $301.70
DDG Weekly Average Spot Price 6/11/2026 $160.00
DDG Value Relative to: 6/11 6/4
Corn 1.088% 1.148%
Soybean Meal 53.03% 55.47%
Cost Per Unit of Protein:
DDG $5.93 $6.44
Soybean Meal $6.35 $6.60
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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