Hoffman Ag Services Saturday, September 25, 2021  
 
 
 
Printable Page US Ag News   Return to Menu - Page 1 2 3 4 5 6
 
 
DDG Weekly Update             09/24 13:45

   DTN Weekly DDG Price Slightly Lower on Average

   DTN's weekly average spot price for domestic distillers dried grains was 
lower versus one week ago.

Mary Kennedy
DTN Basis Analyst

   OMAHA (DTN) -- The DTN average price for domestic distillers dried grains 
(DDG) from 33 locations reporting for the week ended Sept. 23 was $195 per ton, 
down $1 on average from one week ago. Domestic DDG prices were slightly lower 
on average as there is no issue with supplies right now according to some 
merchandisers. Export DDGs are struggling as poor availability and high cost of 
containers is affecting that market.  

   Wednesday's Energy Information Administration (EIA) report showed overall 
ethanol plant production declined after two weeks of higher output -- down 
11,000 barrels per day (bpd) or 1.2% to 926,000 bpd. Some plants are taking 
seasonal maintenance which added to the lower production rates.

   Based on the average of prices collected by DTN, the value of DDG relative 
to corn for the week ended Sept. 23 was 103.16%. The value of DDG relative to 
soybean meal was 57.93% and the cost per unit of protein for DDG was $7.22, 
compared to the cost per unit of protein for soybean meal at $7.09.

   In its weekly DDGS export price update, the U.S. Grains Council said: "On 
the export market, DDGS values are slightly lower this week, though the 
reasoning remains unclear. Barge CIF NOLA offers are down $2 for spot positions 
and $5 to $6 for deferred while FOB Gulf offers are down $5 to $7 metric ton 
(mt) at $260 for October/November shipment. At the same time, brokers report 
strong demand from Southeast Asia with 'buyers chasing values higher.' Offers 
for 40-foot containers to Southeast Asia are up $10/mt on average this week at 
$346/mt."

   The Mississippi River has mostly recovered from Hurricane Ida, but low water 
in parts of the river has created shoaling south of St. Louis. Recent rains 
have allowed barges to return to normal drafts, but more rain is needed to keep 
the levels from falling again. The Mississippi River at Memphis is expected to 
fall back below the low water stage and St. Louis is expected to fall below 
zero gauge by early October unless more rain comes.

   NOTE: All prices listed below can change at any time and are subject to 
confirmation from seller.

    

ALL PRICES SUBJECT TO CONFIRMATION       CURRENT          PREVIOUS      CHANGE
COMPANY  STATE                           9/23/2021        9/16/2021
Bartlett and Company, Kansas City, MO (816 714 3413)
         Missouri                 Dry    $210             $210          $0
                                  Wet    $105             $105          $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
                                  Dry    $205             $205          $0
                                  Wet    $102             $102          $0
CHS, Minneapolis, MN (800-769-1066)
         Illinois                 Dry    $185             $185          $0
         Indiana                  Dry    $180             $185          -$5
         Iowa                     Dry    $185             $190          -$5
         Michigan                 Dry    $185             $190          -$5
         Minnesota                Dry    $185             $190          -$5
         North Dakota             Dry    $190             $190          $0
         New York                 Dry    $195             $220          -$25
         South Dakota             Dry    $190             $190          $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
         Indiana                  Dry    $195             $195          $0
         Iowa                     Dry    $200             $205          -$5
         Michigan                 Dry    $195             $200          -$5
         Minnesota                Dry    $200             $205          -$5
         Missouri                 Dry    $210             $215          -$5
         Ohio                     Dry    $190             $190          $0
         South Dakota             Dry    $207             $210          -$3
         Nebraska                 Dry    $205             $205          $0
United BioEnergy, Wichita, KS (316-616-3521)
         Kansas                   Dry    $205             $195          $10
                                  Wet    $80              $80           $0
         Illinois                 Dry    $195             $195          $0
         Nebraska                 Dry    $205             $195          $10
                                  Wet    $80              $80           $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
         Illinois                 Dry    $195             $195          $0
         Indiana                  Dry    $190             $195          -$5
         Iowa                     Dry    $195             $192          $3
         Michigan                 Dry    $195             $195          $0
         Minnesota                Dry    $193             $190          $3
         Nebraska                 Dry    $195             $195          $0
         New York                 Dry    $210             $210          $0
         North Dakota             Dry    $203             $203          $0
         Ohio                     Dry    $195             $190          $5
         South Dakota             Dry    $200             $200          $0
         Wisconsin                Dry    $180             $175          $5
Western Milling, Goshen, California (559-302-1074)
         California subject       Dry    $262             $263          -$1
*Prices listed per ton.                  $195             $196          -$1
         Weekly Average
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                               9/23/2021   $5.2925    $189.02
Soybean Meal                       9/23/2021              $336.60
DDG Weekly Average Spot Price                             $195.00
DDG Value Relative to:                         9/23       9/16
Corn                                           103.16%    103.65%
Soybean Meal                                   57.93%     57.61%
Cost Per Unit of Protein:
DDG                                            $7.22      $7.26
Soybean Meal                                   $7.09      $7.16
Notes:
Corn and soybean prices take 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 Twitter @MaryCKenn




(c) Copyright 2021 DTN, LLC. All rights reserved.

Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN