Market Matters Blog           07/11 12:10

   DTN Weekly Average DDG Price Lower

   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 July 10 was $145 per ton 
on average, $3 lower versus one week ago.

   DDG prices were mixed for the week, but lower on average. The lower cash 
corn and soybean meal prices added pressure to the DDG prices, with some DDG 
prices showing deep discounts versus last week. DTN's National Average Corn 
Index is down 18 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 July 10 was .997%. The value of DDG relative to 
soybean meal was 54.00% and the cost per unit of protein for DDG was $5.37 
compared to the cost per unit of protein for soybean meal at $5.65. (Table is 
still using July futures.)

   U.S. Grains Council, in its weekly distillers dried grains with solubles 
(DDGS) July export market prices report, showed as of July 10, CIF NOLA barge 
price was down $1 at $210 metric ton (mt); FOB vessel Gulf price was down $2 at 
$226 mt; rail delivered PNW was down $4 at $239; and rail delivered to 
California was down $4 at $229 mt.

   The Energy Information Administration reported Wednesday for the week ending 
July 3, overall ethanol production in the United States averaged 1.085 million 
bpd, up 9,000 bpd week-on-week and 21,000 bpd, or 1.9% lower than in the same 
week last year. The four-week average output at 1.088 million bpd was 21,000 
bpd above the same four weeks last year. Midwest ethanol production averaged 
1.03 million bpd, up 14,000 bpd week-on-week and 16,000 bpd, or 1.6% lower than 
in the same week last year. The four-week average output at 1.03 million bpd 
was 19,000 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                             7/10/2025     7/2/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
           Missouri                     Dry  $147          $150        -$3
                                        Wet  $78           $80         -$2
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
                                        Dry  $150          $155        -$5
                                        Wet  $75           $75         $0
CHS, Minneapolis, MN (800-769-1066)
           Illinois                     Dry  $148          $150        -$2
           Indiana                      Dry  $133          $135        -$3
           Iowa                         Dry  $135          $140        -$5
           Michigan                     Dry  $143          $145        -$2
           Minnesota                    Dry  $135          $135        $0
           New York                     Dry  $152          $158        -$6
           South Dakota                 Dry  $135          $135        $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
           Indiana                      Dry  $172          $172        $0
           Iowa                         Dry  $150          $150        $0
           Michigan                     Dry  $175          $175        $0
           Minnesota                    Dry  $150          $150        $0
           Missouri                     Dry  $155          $155        $0
           Ohio                         Dry  $172          $172        $0
           South Dakota                 Dry  $145          $150        -$5
           Nebraska                     Dry  $145          $145        $0
United BioEnergy, Wichita, KS (316-616-3521)
           Kansas                       Dry  $150          $150        $0
                                        Wet  $50           $50         $0
           Illinois NO JULY             Dry  $0            $0          $0
           Nebraska                     Dry  $140          $140        $0
                                        Wet  $45           $45         $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
           Illinois                     Dry  $143          $143        $0
           Indiana                      Dry  $142          $142        $0
           Iowa                         Dry  $135          $135        $0
           Michigan                     Dry  $142          $142        $0
           Minnesota                    Dry  $133          $135        -$3
           Nebraska                     Dry  $142          $152        -$10
           New York                     Dry  $150          $160        -$10
           North Dakota                 Dry  $130          $150        -$20
           Ohio                         Dry  $142          $142        $0
           South Dakota                 Dry  $125          $145        -$20
           Wisconsin                    Dry  $135          $135        $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
           FOB PickettNO OFFER          Dry  $145          $150        -$5
Western Kansas
                                        Dry  $168          $178        -$10
                                        Wet  $65           $68         -$3
Western Milling
           California                   Dry  $219          $219        $0
**Weekly Average:                            $145          $148        -$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                                      7/10/2025     $4.0725   $145.4464
Soybean Meal                              7/10/2025               $268.50
DDG Weekly Average Spot Price             7/10/2025               $145.00
DDG Value Relative to:                                  7/10      7/3
Corn                                                    0.997%    0.960%
Soybean Meal                                            54.00%    54.05%
Cost Per Unit of Protein:
DDG                                                     5.37      5.48
Soybean Meal                                            5.65      5.76
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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