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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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