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Market Matters Blog 10/24 13:01
DTN Weekly DDG Price Slightly 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 Oct. 23 was $146 per ton
on average, up $1 versus one week ago.
DDG prices were mixed but slightly higher on average for the week, and the
cash corn price was higher, while soybean meal prices were strong all week. The
DTN National Average Corn Index was up 8 cents versus one week ago, with a
higher national average basis adding to the strength in flat price.
Based on the average of prices collected by DTN, the value of DDG relative
to corn for the week ended Oct. 23 was 0.955%. The value of DDG relative to
soybean meal was 49.95% and the cost per unit of protein for DDG was $5.41
compared to the cost per unit of protein for soybean meal at $6.15.
U.S. Grains Council, in its weekly distillers dried grains with solubles
(DDGS) export market prices report, showed November prices as of Oct. 23: CIF
NOLA barge price was down 6 at $206 metric ton (mt); FOB vessel Gulf price was
steady at $226 mt; rail delivered PNW was down $1 at $231; and rail delivered
to California was down $5 at $219 mt. The Mississippi River at Memphis is at
-7.76 feet below zero gauge and draft restrictions of 9'6" are in place and are
expected to go to 9'0" next week if more rain doesn't come. Dredges are
starting to go to work at trouble spots and will stop or slow barge traffic
heading to the Gulf for export.
The Energy Information Administration reported for the week ending Oct. 17,
overall ethanol production in the United States averaged 1.112 million bpd, up
38,000 bpd versus last week and 30,000 bpd, or 2.9% higher than in the same
week last year. Four-week average output at 1.097 million bpd was 36,000 bpd
above the same four weeks last year. Midwest ethanol production averaged 1.051
million bpd, up 27,000 bpd versus last week and 28,000 bpd, or 2.7% higher than
in the same week last year. Four-week average output at 1.038 million bpd was
38,000 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 10/23/2025 10/16/2025
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 $160 $155 $5
Wet $80 $80 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $150 $150 $0
Indiana Dry $135 $132 $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 $130 $0
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 $50 $0
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 $143 $140 $3
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 $178 $0
Wet $55 $55 $0
Western Milling
California Dry $210 $208 $2
**Weekly Average: $146 $145 $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 10/23/2025 $4.2800 $152.8472
Soybean Meal 10/23/2025 $292.30
DDG Weekly Average Spot Price 10/23/2025 $146.00
DDG Value Relative to: 10/23 10/16
Corn 0.955% 0.961%
Soybean Meal 49.95% 51.60%
Cost Per Unit of Protein:
DDG $5.41 $5.37
Soybean Meal $6.15 $5.92
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
(c) Copyright 2025 DTN, LLC. All rights reserved.
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