Printable Page US Ag News   Return to Menu - Page 1 2 3 4 5 6
 
 
DDG Weekly Update             05/22 11:52

   DTN Weekly Average DDG Price Lower 

   DTN's weekly average spot price for domestic distillers dried grains was 
lower.

Mary Kennedy
DTN Basis Analyst

   OMAHA (DTN) -- Of the 40 locations DTN contacted that showed offers for 
domestic distillers dried grains (DDG) for the week ended May 21, posted offers 
averaged $143 per ton, down $5 versus the prior week. The cash corn price has 
not improved much on average since one week ago and basis has seen a slight 
improvement, but nothing earth shattering. The cheaper DDG prices are beginning 
to entice some feeders to return to DDG usage, but demand right now is still 
weak.

   Based on the average of prices collected by DTN, the value of DDG relative 
to corn for the week ended May 21 was 126.01%. The value of DDG relative to 
soybean meal was 50.62%. The cost per unit of protein for DDG was $5.30, 
compared to the cost per unit of protein for soybean meal at $5.95.

   Wednesday's Energy Information Administration ethanol report showed for the 
week ended May 15. Ethanol production in the U.S. increased 7.5% during that 
week after falling to 537,000 barrels per day (bpd), more than a decade low 
during the week ended April 24. Ethanol production is down 38% versus one year 
ago.

   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                      5/21/2020     5/14/2020
Bartlett and Company, Kansas City, MO (816-753-6300)
           Missouri              Dry  $145          $150        -$5
                                 Wet  $73           $75         -$2
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
           Missouri              Dry  $140          $145        -$5
                                 Wet  $75           $75         $0
CHS, Minneapolis, MN (800-769-1066)
           Illinois              Dry  $155          $155        $0
           Indiana               Dry  $145          $145        $0
           Iowa                  Dry  $130          $130        $0
           Michigan              Dry  $150          $150        $0
           Minnesota             Dry  $130          $130        $0
           North Dakota          Dry  $130          $130        $0
           New York              Dry  $195          $195        $0
           South Dakota          Dry  $125          $125        $0
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
           Kansas APRIL          Dry  $130          $140        -$10
POET Nutrition, Sioux Falls, SD (888-327-8799)
           Indiana               Dry  $155          $160        -$5
           Iowa                  Dry  $145          $150        -$5
           Michigan              Dry  $160          $165        -$5
           Minnesota             Dry  $145          $145        $0
           Missouri              Dry  $155          $160        -$5
           Ohio                  Dry  $155          $160        -$5
           South Dakota          Dry  $155          $160        -$5
United BioEnergy, Wichita, KS (316-616-3521)
           Kansas                Dry  $0            $0          $0
                                 Wet  $0            $0          $0
           Illinois MARCH        Dry  $0            $0          $0
           Nebraska              Dry  $0            $0          $0
                                 Wet  $0            $0          $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
           Illinois              Dry  $145          $150        -$5
           Indiana               Dry  $150          $145        $5
           Iowa                  Dry  $130          $140        -$10
           Michigan              Dry  $155          $155        $0
           Minnesota             Dry  $130          $140        -$10
           Nebraska              Dry  $120          $140        -$20
           New York              Dry  $170          $190        -$20
           North Dakota          Dry  $130          $135        -$5
           Ohio                  Dry  $150          $155        -$5
           South Dakota          Dry  $125          $140        -$15
           Wisconsin             Dry  $150          $160        -$10
Valero Energy Corp, San Antonio Texas
           Indiana               Dry  $165          $165        $0
           Iowa                  Dry  $0            $0          $0
           Minnesota             Dry  $0            $0          $0
           Nebraska              Dry  $0            $0          $0
           Ohio                  Dry  $155          $155        $0
           South Dakota          Dry  $0            $0          $0
           California            Dry  $0            $0          $0
Western Milling, Goshen, California (559-302-1074)
           California            Dry  $210          $210        $0
*Prices listed per ton.
           Weekly Average             $143          $148        -$5
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                             5/21/2020   $3.1775 $113.48
Soybean Meal                     5/21/2020           $282.50
DDG Weekly Average Spot Price                        $143.00
DDG Value Relative to:                       5/22    5/14
Corn                                         126.01% NA
Soybean Meal                                 50.62%  NA
Cost Per Unit of Protein:
DDG                                          $5.30   NA
Soybean Meal                                 $5.95   NA
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 2020 DTN, LLC. All rights reserved.

For more free DTN information sent right to your email each morning - click here to sign up for DTN Snapshot.
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN