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DTN DDG Weekly Update
12/14 12:49 PM

OMAHA (DTN) -- Distillers dried grains average spot prices from the 40 locations DTN contacted were $8 per ton higher, at $161 per ton for the week ended Dec. 13, versus one week ago.

DTN weekly DDG average prices have moved up $23 per ton the last three weeks, in part due to tight supplies. The EIA reported Wednesday, Dec. 12, that ethanol production was at 1.046 million barrels per day for the week ended Dec. 7, a three-week low and reversing down from the high rates reported last week, and 3.9% lower than the corresponding week a year ago.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Dec. 13 was at 120.05%. The value of DDG relative to soybean meal was at 52.03%. The cost per unit of protein for DDG was $5.96, compared to the cost per unit of protein for soybean meal at $6.51. The DDG value to cash corn is still above the two-year average, and the cost per unit compared to soymeal moved higher again this past week, narrowing the spread between the two.

Informa Economics noted in their weekly DDG price update that, "In the past week, central Illinois estimated margins decreased 4 cents to negative 10 cents. Ethanol plant margins could remain depressed until the summer driving season hits next spring. Merchandisers think that DDG prices could remain elevated on limited supplies, despite some livestock operations trying to cutback ration portions."

ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 12/13/2018 12/6/2018
Bartlett and Company, Kansas City, MO (816-753-6300)
Missouri Dry $185 $175 $10
Modified $93 $88 $5
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Missouri Subject Dry $180 $175 $5
Wet $87 $85 $2
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $165 $160 $5
Indiana Dry $160 $155 $5
Iowa Dry $160 $155 $5
Michigan Dry $155 $150 $5
Minnesota Dry $160 $155 $5
North Dakota Dry $170 $165 $5
New York Dry $165 $165 $0
South Dakota Dry $160 $155 $5
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
Kansas Dry $165 $165 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $160 $147 $13
Iowa Dry $175 $160 $15
Michigan Dry $145 $145 $0
Minnesota Dry $175 $157 $18
Missouri Dry $180 $170 $10
Ohio Dry $158 $145 $13
South Dakota Dry $165 $160 $5
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $150 $144 $6
Wet $60 $55 $5
Illinois Dry $160 $155 $5
Nebraska Dry $150 $144 $6
Wet $60 $55 $5
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $155 $155 $0
Indiana Dry $150 $150 $0
Iowa Dry $160 $155 $5
Michigan Dry $150 $150 $0
Minnesota Dry $160 $160 $0
Nebraska Dry $175 $170 $5
New York Dry $160 $160 $0
North Dakota Dry $165 $155 $10
Ohio Dry $150 $150 $0
South Dakota Dry $165 $160 $5
Wisconsin Dry $145 $142 $3
Valero Energy Corp, San Antonio Texas (210-345-3362) (210-345-3362)
Indiana Dry $155 $145 $10
Iowa Dry $150 $140 $10
Minnesota Dry $160 $145 $15
Nebraska Dry $155 $135 $20
Ohio Dry $155 $145 $10
South Dakota Dry $155 $145 $10
California $228 $220 $8
Western Milling, Goshen, California (559-302-1074)
California Dry $232 $230 $2
*Prices listed per ton.
Weekly Average $161 $154 $7
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 12/13/2018 $3.7550 $134.11
Soybean Meal 12/13/2018 $309.40
DDG Weekly Average Spot Price $161.00
DDG Value Relative to: 12/13 12/6
Corn 120.05% 115.91%
Soybean Meal 52.03% 49.68%
Cost Per Unit of Protein:
DDG $5.96 $5.70
Soybean Meal $6.51 $6.53
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

(BAS/SK)

 
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