| |
DDG Weekly Update 08/12 13:21
DTN Weekly DDG Price Higher on Average
DTN's weekly average spot price for domestic distillers dried grains was $2
higher versus one week ago.
Mary Kennedy
DTN Basis Analyst
MINNEAPOLIS (DTN) -- The DTN average price for domestic distillers dried
grains (DDG) from 34 locations reporting for the week ended Aug. 11 was $231
per ton, up $2 versus one week ago. DDG prices were mixed this week but did
find support from the rally in the soybean meal and higher corn prices most of
the week. The DTN National Corn Index is 23 cents higher versus one week ago.
The Energy Information Administration (EIA) said Wednesday domestic ethanol
plant production dropped 21,000 barrels per day (bpd) to 1.022 million bpd,
3.7% higher than the same week in 2021. Ethanol plant output averaged 1.030
million bpd during the four weeks ended Aug. 5, up 20,000 bpd versus the same
four weeks a year earlier.
Based on the average of prices collected by DTN, the value of DDG relative
to corn for the week ended Aug. 11 was 1.03%. The value of DDG relative to
soybean meal was 44.40%, and the cost per unit of protein for DDG was $8.56,
compared to the cost per unit of protein for soybean meal at $10.95. DTN's
estimates moved to utilizing September futures since July has gone off the
board.
In its weekly DDGS export update, the U.S. Grains Council said: "Barge CIF
NOLA DDGS values are up $4 metric ton (mt) for spot shipment and up $6 to $7/mt
for October-December positions. FOB NOLA offers have followed the same trend
with September offers up $3 and Q4 positions priced $7/mt above last week.
Brokers indicate international demand is becoming active amid the soymeal rally
and crop production worries in Europe. Offers for 40-foot containers to
Southeast Asia are up $5 to $6/mt at $383 for Q4 shipment."
NOTE: All prices listed below can change at any time and are subject to
confirmation from seller.
ALL PRICES SUBJECT TO CONFIRMATION CURRENT CURRENT CHANGE
COMPANY STATE 8/11/2022 8/4/2022
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $260 $260 $0
Wet $155 $155 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $260 $260 $0
Wet $125 $125 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $210 $215 -$5
Indiana Dry $205 $215 -$10
Iowa Dry $220 $220 $0
Michigan Dry $190 $200 -$10
Minnesota Dry $205 $200 $5
New York Dry $205 $205 $0
South Dakota Dry $220 $215 $5
MGP Ingredients, Atchison, KS (800-255-0302)
Dry $240 $240 $0
Wet $75 $70 $5
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $250 $245 $5
Iowa Dry $255 $245 $10
Michigan Dry $235 $235 $0
Minnesota Dry $250 $245 $5
Missouri Dry $275 $275 $0
Ohio Dry $250 $245 $5
South Dakota Dry $255 $245 $10
Nebraska Dry $255 $245 $10
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $255 $245 $10
Wet $90 $90 $0
Illinois Dry $215 $215 $0
Nebraska Dry $255 $240 $15
Wet $90 $90 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $220 $220 $0
Indiana Dry $215 $210 $5
Iowa Dry $220 $215 $5
Michigan Dry $210 $210 $0
Minnesota Dry $210 $210 $0
Nebraska Dry $235 $235 $0
New York Dry $245 $245 $0
North Dakota Dry $210 $210 $0
Ohio Dry $215 $215 $0
South Dakota Dry $215 $215 $0
Wisconsin Dry $210 $210 $0
Western Kansas Dry $245 $245 $0
Wet $105 $105 $0
Western Milling, Goshen, California (559-302-1074)
California Dry $335 $335
**Weekly Average: $231 $229 $2
(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 8/11/2022 $6.2925 $224.73
Soybean Meal 8/11/2022 $520.20
DDG Weekly Average Spot Price $231.00
DDG Value Relative to: 8/11 8/4
Corn 1.03% 1.07%
Soybean Meal 44.40% 44.58%
Cost Per Unit of Protein:
DDG $8.56 $8.48
Soybean Meal $10.95 $10.81
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 2022 DTN, LLC. All rights reserved.
No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
|
|
