MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended May 21 was $185 per ton on average, down $1 versus one week ago. Some traders noted that there is plenty of supply and demand has slowed somewhat.

DDG prices were mixed but slightly lower on average for the week, while cash corn was lower and soybean meal prices were lower versus one week ago, down $4.20 per ton. As for cash corn, the DTN National Average Corn Index was down 4 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 May 21 was 1.12%. The value of DDG relative to soybean meal was 56.33% and the cost per unit of protein for DDG was $6.85 compared to the cost per unit of protein for soybean meal at $6.91.

U.S. Grains and Bioproducts Council, in its weekly distillers dried grains with solubles (DDGS) export market prices report, showed these June prices as of May 21: CIF NOLA barge price was steady at $252 metric ton (mt) versus on week ago; FOB vessel Gulf price was up $2 at $267 mt; rail delivered PNW was down $5 at $272; and rail delivered to California was up $2 at $274 mt.

Ethanol production in the United States averaged 1.111 million barrels per day (bpd) in the week ended May 15, the Energy Information Administration reported Wednesday. That's up 29,000 bpd week-on-week and 75,000 bpd, or 7.2%, higher than in the same week last year. Four-week average output at 1.055 million bpd was 32,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.056 million bpd, up 34,000 bpd week-on-week and 76,000 bpd, or 7.8%, higher than in the same week last year. Four-week average output at 999,000 bpd was 34,000 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		5/21/2026	5/14/2026
Bartlett and Company, Kansas City, MO (816 714 3413)
	Missouri	Dry	$190	$195	-$5
		Wet	$95	$100	-$5
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
		Dry	$190	$185	$5
		Wet	$90	$85	$5
CHS, Minneapolis, MN (800-769-1066)
	Illinois	Dry	$192	$195	-$3
	Indiana	Dry	$173	$173	$0
	Iowa	Dry	$172	$170	$2
	Michigan	Dry	$175	$176	-$1
	Minnesota	Dry	$170	$170	$0
	New York	Dry	$195	$195	$0
	South Dakota	Dry	$180	$180	$0
POET Nutrition, Sioux Falls, SD (888-327-8799)
	Indiana	Dry	$201	$205	-$4
	Iowa	Dry	$190	$190	$0
	Michigan	Dry	$201	$205	-$4
	Minnesota	Dry	$185	$185	$0
	Missouri	Dry	$200	$200	$0
	Ohio	Dry	$201	$205	-$4
	South Dakota	Dry	$190	$195	-$5
	Nebraska	Dry	$190	$195	-$5
United BioEnergy, Wichita, KS (316-616-3521)
	Kansas	Dry	$195	$195	$0
		Wet	$68	$68	$0
	Ill NO May	Dry	$195	$195	$0
	Nebraska	Dry	$190	$190	$0
		Wet	$75	$75	$0
U.S. Commodities, Minneapolis, MN (888-293-1640)
	Illinois	Dry	$200	$200	$0
	Indiana	Dry	$185	$185	$0
	Iowa	Dry	$170	$170	$0
	Michigan	Dry	$175	$175	$0
	Minnesota	Dry	$170	$170	$0
	Nebraska	Dry	$175	$175	$0
	New York	Dry	$205	$205	$0
	North Dakota	Dry	$175	$175	$0
	Ohio	Dry	$185	$185	$0
	South Dakota	Dry	$170	$170	$0
	Wisconsin	Dry	$170	$170	$0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
	FOB Pickett	Dry	$165	$165	$0
Western Kansas
		Dry	$230	$232	-$2
		Wet	$72	$81	-$9
Western Milling
	California	Dry	$263	$266	-$3
**Weekly Average:			$185	$186	-$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	5/21/2026	$4.6225	$165.0893
Soybean Meal	5/21/2026		$328.40
DDG Weekly Average Spot Price	5/21/2026		$185.00
DDG Value Relative to:		5/21	5/14
Corn		1.121%	1.114%
Soybean Meal		56.33%	55.94%
Cost Per Unit of Protein:
DDG		$6.85	$6.89
Soybean Meal		$6.91	$7.00
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 social platform X @MaryCKenn

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