DDG Weekly DTN Price Drops on Average

Based on the average price collected by DTN, the value of DDG to corn for the week ended May 5 was 99.63%. The value of DDG to soybean meal was 66.99% and the cost per unit of protein for DDG was $10.59, compared to the cost per unit of protein for soybean meal of $8.99 .

In its weekly DDGS export update, the US Grains Council said: “In the export market, brokers and exporters are reporting Barge CIF NOLA values ​​down $19 to $22 per ton. metric (mt) for May-August shipments, while FOB Gulf offers are down $20-25/mt FOB Gulf offers for June averaged $343/mt this week, down $20.-25/mt. $27 from the previous week.Container offers are also down, although they have had more support than the FOB market.40ft container offers to Southeast Asia are down. down $16/tonne from last week at $443/tonne.”

The U.S. Census Bureau said Wednesday that U.S. DDGS exports totaled 927,134 tons in March, up from 870,844 tons in February and up 5% from a year ago. Mexico was the top destination in March, absorbing 20% ​​of US exports, followed by South Korea and Vietnam. In the first three months of 2022, US DDGS exports increased by 12%.

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

ALL PRICES ARE SUBJECT TO CONFIRMATION FLUENT PREVIOUS CASH
THE SOCIETY STATE 05/05/2022 04/28/2022
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri To dry $295 $300 -$5
Humid $160 $165 -$5
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
To dry $280 $298 -$18
Humid $150 $155 -$5
CHS, Minneapolis, MN (800-769-1066)
Illinois To dry $260 $280 -$20
Indiana To dry $260 $280 -$20
Iowa To dry $270 $285 -$15
Michigan To dry $265 $280 -$15
Minnesota To dry $265 $280 -$15
New York To dry $285 $285 $0
South Dakota To dry $285 $305 -$20
MGP Ingredients, Atchison, KS (800-255-0302)
To dry $290 $295 -$5
Humid $102 $105 -$3
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana To dry $285 $305 -$20
Iowa To dry $295 $300 -$5
Michigan To dry $280 $285 -$5
Minnesota To dry $290 $295 -$5
Missouri To dry $315 $315 $0
Ohio To dry $285 $300 -$15
South Dakota To dry $310 $320 -$10
Nebraska To dry $300 $310 -$10
United BioEnergy, Wichita, KS (316-616-3521)
Kansas To dry $330 $330 $0
Humid $110 $110 $0
Illinois To dry $295 $295 $0
Nebraska To dry $330 $330 $0
Humid $110 $110 $0
American Products, Minneapolis, MN (888-293-1640)
Illinois To dry $280 $290 -$10
Indiana To dry $290 $300 -$10
Iowa To dry $265 $275 -$10
Michigan To dry $275 $285 -$10
Minnesota To dry $270 $280 -$10
Nebraska To dry $290 $300 -$10
New York To dry $305 $315 -$10
North Dakota To dry $295 $305 -$10
Ohio To dry $280 $290 -$10
South Dakota To dry $295 $305 -$10
Wisconsin To dry $267 $275 -$8
Western Kansas To dry $365 $365 $0
Humid $125 $125 $0
Western Milling, Goshen, CA (559-302-1074)
California To dry $400 $405 -$5
**Weekly average: $286 $296 -$10
(Prices shown per ton)
**Average weekly prices above only reflect DTN businesses
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 is not included in the averages.
DDG VALUE VS. CORN AND SOY FLOUR
Settlement Price: Quote date Bushel short ton
But 05/05/2022 $8.0375 $287.05
Soy dish 05/05/2022 $426.90
DDG Weekly Average Spot Price $286.00
DDG value relative to: 5/5 04/28
But 99.63% 101.57%
Soy dish 66.99% 67.24%
Cost per unit of protein:
DDG $10.59 $10.96
Soy dish $8.99 $9.27
Remarks:
Corn and soybean prices are taken from DTN market quotes. DDG Award
represents the average spot price of companies in the Midwest
collected on Thursday afternoon. Cost of soybean meal per unit
of protein is the cost per tonne divided by 47.5. DDG cost per unit
of protein is the cost per tonne divided by 27.

Mary Kennedy can be reached at [email protected]

Follow her on Twitter @MaryCKenn

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