Market Matters Blog           09/05 12:25

   DTN Weekly Average DDG Price Slightly Higher 

   DTN's weekly average spot price for domestic distillers dried grains is 
slightly 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 Sept. 4 was $143 per ton 
on average, up $1 versus one week ago.

   DDG prices were mixed for the week, but higher on average as demand is 
picking up and the cash corn price moved higher since last week. The DTN 
National Average Corn Index is up 10 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 Sep 04 was 0.954%. The value of DDG relative to 
soybean meal was 50.41% and the cost per unit of protein for DDG was $5.30 
compared to the cost per unit of protein for soybean meal at $5.97.

   U.S. Grains Council, in its weekly distillers dried grains with solubles 
(DDGS) September export market prices report, showed as of Sept. 4, CIF NOLA 
barge price was up $9 at $212 metric ton (mt); FOB vessel Gulf price was up $2 
at $225 mt; rail delivered PNW was down $2 at $242; and rail delivered to 
California was down $1 at $232 mt. Drafts on the Lower Mississippi River are in 
place on the LMR as the river is on a slow fall, with Memphis at -1.85ft below 
zero gauge.

   The Energy Information Administration reported on Wednesday that as of Aug. 
22, overall ethanol production in the United States averaged 1.07 million 
barrels per day (bpd), down 2,000 bpd versus last week and 9,000 bpd, or 0.1%, 
lower than in the same week last year. Four-week average output at 1.097 
million bpd was 21,000 bpd above the same four weeks last year. Midwest ethanol 
production averaged 1.017 million bpd, down 1,000 bpd versus last week and 
15,000 bpd, or 1.5%, higher than in the same week last year. Four-week average 
output at 1.038 million bpd was 21,000 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                            9/4/2025     8/28/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
           Missouri                   Dry   $150         $150          $0
                                      Wet   $78          $78           $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
                                      Dry   $150         $150          $0
                                      Wet   $75          $75           $0
CHS, Minneapolis, MN (800-769-1066)
           Illinois                   Dry   $150         $148          $2
           Indiana                    Dry   $135         $130          $5
           Iowa                       Dry   $130         $130          $0
           Michigan                   Dry   $145         $140          $5
           Minnesota                  Dry   $128         $125          $3
           New York                   Dry   $160         $160          $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   $140         $140          $0
           Nebraska                   Dry   $145         $145          $0
United BioEnergy, Wichita, KS (316-616-3521)
           Kansas                     Dry   $150         $150          $0
                                      Wet   $55          $50           $5
           Ill SOLD OUT SEP.          Dry   $0           $0            $0
           Nebraska                   Dry   $150         $145          $5
                                      Wet   $45          $45           $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
           Illinois                   Dry   $138         $138          $0
           Indiana                    Dry   $138         $138          $0
           Iowa                       Dry   $129         $127          $2
           Michigan                   Dry   $142         $142          $0
           Minnesota                  Dry   $130         $127          $3
           Nebraska                   Dry   $137         $135          $2
           New York                   Dry   $150         $150          $0
           North Dakota               Dry   $130         $130          $0
           Ohio                       Dry   $140         $140          $0
           South Dakota               Dry   $125         $125          $0
           Wisconsin                  Dry   $135         $135          $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
           FOB Pickett                Dry   $130         $130          $0
Western Kansas
                                      Dry   $170         $160          $10
                                      Wet   $64          $64           $0
Western Milling
           California                 Dry   $212         $209          $3
**Weekly Average:                           $143         $142          $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                                      9/4/2025      $4.1975   $149.9107
Soybean Meal                              9/4/2025                $283.70
DDG Weekly Average Spot Price             9/4/2025                $143.00
DDG Value Relative to:                                  9/4       8/28
Corn                                                    0.954%    0.970%
Soybean Meal                                            50.41%    49.43%
Cost Per Unit of Protein:
DDG                                                     5.30      5.26
Soybean Meal                                            5.97      6.05
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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