DDG Weekly Update

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Mary KennedyDTN Cash Grains AnalystOMAHA (DTN) — The domestic distillers dried grains (DDG) average spot price from the 40 locations DTN contacted was down 5 cents at $134 per ton for the week ended April 18, versus the prior week. Spot DDG truck prices were lower as demand has slowed, along with added pressure coming from continued weakness in the corn market.Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended April 18 was at 104.66%. The value of DDG relative to soybean meal was at 44.19%. The cost per unit of protein for DDG was $4.96, compared to the cost per unit of protein for soybean meal at $6.38. Soymeal prices have been moving lower most of the week as the soybean futures fell to their lowest price in 2019 at midweek.The U.S. Census Bureau said Wednesday that U.S. exports of distillers dried grain with solubles (DDGS) totaled 686,005 metric tons (mt) in February, down from 806,615 mt in January and down 18% from a year ago. Mexico was the top destination in February, taking 24% of U.S. exports, followed by the usual list of South Korea, Indonesia, and Vietnam. In the first two months of 2019, U.S. exports of DDGS were down 14% from a year ago.ALL PRICES SUBJECT TO CONFIRMATIONCURRENTPREVIOUSCHANGECOMPANYSTATE4/18/20194/11/2019Bartlett and Company, Kansas City, MO (816-753-6300)MissouriDry$140$145-$5Wet$75$78-$3Show Me Ethanol LLC, Carrollton, MO (660-542-6493)Missouri SubjectDry$135$145-$10Wet$75$80-$5CHS, Minneapolis, MN (800-769-1066)IllinoisDry$137$142-$5IndianaDry$135$140-$5IowaDry$125$130-$5MichiganDry$135$140-$5MinnesotaDry$125$130-$5North DakotaDry$125$130-$5New YorkDry$140$145-$5South DakotaDry$125$130-$5MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)KansasDry$130$145-$15POET Nutrition, Sioux Falls, SD (888-327-8799)IndianaDry$140$145-$5IowaDry$130$135-$5MichiganDry$130$130$0MinnesotaDry$130$130$0MissouriDry$150$150$0OhioDry$140$140$0South DakotaDry$140$140$0United BioEnergy, Wichita, KS (316-616-3521)KansasDry$140$140$0Wet$60$60$0IllinoisDry$148$148$0NebraskaDry$140$140$0Wet$60$60$0U.S. Commodities, Minneapolis, MN (888-293-1640)IllinoisDry$130$135-$5IndianaDry$125$130-$5IowaDry$125$130-$5MichiganDry$125$130-$5MinnesotaDry$125$130-$5NebraskaDry$125$145-$20New YorkDry$150$155-$5North DakotaDry$140$150-$10OhioDry$140$145-$5South DakotaDry$130$140-$10WisconsinDry$130$135-$5Valero Energy Corp, San Antonio Texas(210-345-3362)(210-345-3362)IndianaDry$140$140$0IowaDry$135$140-$5MinnesotaDry$130$130$0NebraskaDry$135$150-$15OhioDry$145$145$0South DakotaDry$136$140-$4CaliforniaDry$190$195-$5Western Milling, Goshen, California (559-302-1074)CaliforniaDry$208$215-$7*Prices listed per ton.Weekly Average$134$139-$5The weekly average prices above reflect only those companies DTNcollects spot prices from. States include: Missouri, Iowa, Nebraska,Kansas, Illinois, Minnesota, North Dakota, South Dakota, Michigan,Wisconsin and Indiana. Prices for Pennsylvania, New York andCalifornia are not included in the averages.VALUE OF DDG VS. CORN & SOYBEAN MEALSettlement Price:Quote DateBushelShort TonCorn4/18/2019$3.5850$128.04Soybean Meal4/18/2019$303.20DDG Weekly Average Spot Price$134.00DDG Value Relative to:4/184/11Corn104.66%108.11%Soybean Meal44.19%45.25%Cost Per Unit of Protein:DDG$4.96$5.15Soybean Meal$6.38$6.47Notes:Corn and soybean prices take from DTN Market Quotes. DDG pricerepresents the average spot price from Midwest companiescollected on Thursday afternoons. Soybean meal cost per unitof protein is cost per ton divided by 47.5. DDG cost per unitof protein is cost per ton divided by 27.Mary Kennedy can be reached at [email protected] her on Twitter @MaryCKenn(BAS/CZ)© Copyright 2019 DTN/The Progressive Farmer. All rights reserved.last_img

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