Home |  Cash Bids |  Charts |  Weather |  Headline News |  Markets Page |  Futures Markets |  Canada Wx |  Canadian Ag News |  Canadian Market News 
Headlines
DDG Weekly Update
Mary Kennedy 7/20 11:28 AM

OMAHA (DTN) -- The distillers dried grains (DDG) spot prices from the 40 locations DTN contacted were mixed, but on average were lower this week at $121 per ton for the week ended July 19, down $1 versus one week ago. Values have improved from recent weeks in some areas, thanks in part to a slight improvement in cash corn prices and a pick-up in export interest for U.S. DDGS.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended July 19 was at 96.46%, and the value of DDG relative to soybean meal was at 36.80%. The cost per unit of protein for DDG was $4.48, compared to the cost per unit of protein for soybean meal at $6.92. The DDG value to cash corn remains near the two-year average for this time frame. Even with soymeal values higher the past week and DDG prices lower, DDG is still a better value on a cost per unit of protein.

In its weekly DDGS price update, the U.S. Grains Council (USGC) noted, "DDGS prices were mostly steady to down slightly this week. DDGS at the Gulf were unchanged from last week, while U.S. rail rates fell slightly. With prices stable, merchandisers are reporting buyer activity from Southeast Asian markets including Vietnam, Thailand, and the Philippines. Bangladeshi buyers are also reportedly active as container rates to that market fell to $267 per metric ton."

Recently released U.S. Census Bureau data showed U.S. DDGS exports in May were up 38% from a year ago, with Turkey, Mexico, South Korea, Vietnam and Thailand the top destinations. Year-to-date reported export volumes are slightly up from the same period last year, noted USGC.

ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 7/19/2018 7/12/2018
Bartlett and Company, Kansas City, MO (816-753-6300)
Missouri Dry $135 $130 $5
Modified $67 $65 $2
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Missouri Dry $140 $140 $0
Wet $65 $65 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $147 $145 $2
Indiana Dry $138 $138 $0
Iowa Dry $120 $120 $0
Michigan Dry $130 $130 $0
Minnesota Dry $110 $110 $0
North Dakota Dry $110 $110 $0
New York Dry $130 $140 -$10
South Dakota Dry $110 $110 $0
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
Kansas Dry $118 $120 -$2
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $135 $140 -$5
Iowa Dry $110 $105 $5
Michigan Dry $135 $140 -$5
Minnesota Dry $105 $105 $0
Missouri Dry $140 $140 $0
Ohio Dry $135 $140 -$5
South Dakota Dry $100 $100 $0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $118 $118 $0
Wet $35 $35 $0
Illinois Dry $150 $150 $0
Nebraska Dry $118 $118 $0
Wet $35 $35 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $135 $135 $0
Indiana Dry $130 $130 $0
Iowa Dry $115 $115 $0
Michigan Dry $130 $125 $5
Minnesota Dry $110 $115 -$5
Nebraska Dry $105 $110 -$5
New York Dry $135 $135 $0
North Dakota Dry $110 $110 $0
Ohio Dry $130 $130 $0
South Dakota Dry $110 $110 $0
Wisconsin Dry $130 $130 $0
Valero Energy Corp, San Antonio Texas (210-345-3362) (210-345-3362)
Indiana Dry $133 $133 $0
Iowa Dry $95 $95 $0
Minnesota Dry $100 $100 $0
Nebraska Dry $90 $90 $0
Ohio Dry $140 $140 $0
South Dakota Dry $105 $105 $0
California $184 $184 $0
Western Milling, Goshen, California (559-302-1074)
California Dry $199 $205 -$6
*Prices listed per ton.
Weekly Average $121 $122 -$1
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 7/19/2018 $3.5125 $125.45
Soybean Meal 7/19/2018 $328.80
DDG Weekly Average Spot Price $121.00
DDG Value Relative to: 7/19 6/28
Corn 101.51% 101.51%
Soybean Meal 36.59% 36.59%
Cost Per Unit of Protein:
DDG $4.48 $4.52
Soybean Meal $6.92 $7.02
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

(AG)

 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN