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Market Matters Blog 10/31 12:25
DTN Weekly DDG Price Steady on Average
DTN's weekly average spot price for domestic distillers dried grains is
unchanged 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. 30 was $146 per ton
on average, unchanged versus one week ago.
DDG prices were mixed but steady on average for the week, while the cash
corn price was higher and soybean meal prices were strong again this week. The
DTN National Average Corn Index was up 4 cents versus one week ago, with a
higher DTN national average basis once again 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. 30 was 0.950%. The value of DDG relative to
soybean meal was 46.26% and the cost per unit of protein for DDG was $5.41
compared to the cost per unit of protein for soybean meal at $6.64.
U.S. Grains Council, in its weekly distillers dried grains with solubles
(DDGS) export market prices report, showed November prices as of Oct. 30: CIF
NOLA barge price was up $1 at $207 metric ton (mt); FOB vessel Gulf price was
up $4 at $230 mt; rail delivered PNW was up $10 at $241; and rail delivered to
California was up $15 at $234 mt.
The Energy Information Administration reported Wednesday that overall
ethanol production in the United States averaged 1.091 million barrels per day
(bpd), in the week ended Oct. 24, down 21,000 bpd from the prior week and
14,000 bpd, or 1.3%, lower than in the same week last year. The four-week
average output at 1.097 million bpd was 20,000 bpd above the same four weeks
last year. Midwest ethanol production averaged 1.036 million bpd, down 15,000
bpd versus last week and 6,000 bpd, or 0.6%, lower than in the same week last
year. Four-week average output at 1.038 million bpd was 22,000 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 10/30/2025 10/23/2025
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 $155 $160 -$5
Wet $80 $80 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $155 $150 $5
Indiana Dry $140 $135 $5
Iowa Dry $135 $130 $5
Michigan Dry $145 $145 $0
Minnesota Dry $130 $130 $0
New York Dry $165 $165 $0
South Dakota Dry $135 $130 $5
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $165 $165 $0
Iowa Dry $145 $142 $3
Michigan Dry $165 $165 $0
Minnesota Dry $145 $142 $3
Missouri Dry $160 $160 $0
Ohio Dry $165 $165 $0
South Dakota Dry $145 $145 $0
Nebraska 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 $143 $142 $1
Indiana Dry $138 $138 $0
Iowa Dry $136 $136 $0
Michigan Dry $140 $140 $0
Minnesota Dry $128 $130 -$2
Nebraska Dry $143 $143 $0
New York Dry $155 $155 $0
North Dakota Dry $135 $135 $0
Ohio Dry $147 $145 $2
South Dakota Dry $135 $135 $0
Wisconsin Dry $133 $135 -$2
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $130 $130 $0
Western Kansas
CALL Dry $178 $178 $0
Wet $55 $55 $0
Western Milling
California Dry $222 $210 $12
**Weekly Average: $146 $146 $0
(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 10/30/2025 $4.3025 $153.6607
Soybean Meal 10/30/2025 $315.60
DDG Weekly Average Spot Price 10/30/2025 $146.00
DDG Value Relative to: 10/30 10/23
Corn 0.950% 0.955%
Soybean Meal 46.26% 49.95%
Cost Per Unit of Protein:
DDG $5.41 $5.41
Soybean Meal $6.64 $6.15
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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