May 25, 2020
Headlines
DDG Weekly Update
Mary Kennedy 5/22 11:52 AM

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 CONFIRMATIONCURRENTCURRENTCHANGE
COMPANYSTATE 5/21/20205/14/2020
Bartlett and Company, Kansas City, MO (816-753-6300)
MissouriDry$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
MinnesotaDry$130$130$0
North DakotaDry$130$130$0
New YorkDry$195$195$0
South DakotaDry$125$125$0
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
Kansas APRILDry$130$140-$10
POET Nutrition, Sioux Falls, SD (888-327-8799)
IndianaDry$155$160-$5
Iowa Dry$145$150-$5
MichiganDry$160$165-$5
MinnesotaDry$145$145$0
Missouri Dry$155$160-$5
Ohio Dry$155$160-$5
South DakotaDry$155$160-$5
United BioEnergy, Wichita, KS (316-616-3521)
KansasDry$0$0$0
Wet$0$0$0
Illinois MARCH Dry$0$0$0
NebraskaDry$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
MinnesotaDry$130$140-$10
Nebraska Dry$120$140-$20
New York Dry$170$190-$20
North DakotaDry$130$135-$5
Ohio Dry$150$155-$5
South DakotaDry$125$140-$15
WisconsinDry$150$160-$10
Valero Energy Corp, San Antonio Texas
IndianaDry$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
CaliforniaDry$0$0$0
Western Milling, Goshen, California (559-302-1074)
CaliforniaDry$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 DateBushelShort Ton
Corn5/21/2020$3.1775$113.48
Soybean Meal5/21/2020 $282.50
DDG Weekly Average Spot Price $143.00
DDG Value Relative to:5/225/14
Corn126.01%NA
Soybean Meal50.62%NA
Cost Per Unit of Protein:
DDG$5.30NA
Soybean Meal$5.95NA
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

Tri-County Protein Corp | Copyright 2020
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN