Headlines
DDG Weekly Update
Mary Kennedy 11/16 11:18 AM

OMAHA (DTN) -- Distillers dried grains average spot prices from the 40 locations DTN contacted were $2 per ton higher, at $138 per ton for the week ended Nov. 15, versus one week ago.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Nov. 15 was at 105.14%. The value of DDG relative to soybean meal was at 45.19%. The cost per unit of protein for DDG was $5.11, compared to the cost per unit of protein for soybean meal at $6.43. On a relative value, DDG prices are mostly in line with soymeal, but are slightly higher than normal basis corn values.

The EIA reported Thursday that ethanol plant production decreased by a modest 1,000 barrels per day (bpd) to 1.067 million bpd, the first weekly decline in four weeks, during the week ended Nov. 9. Informa Economics noted that, "Ethanol plant output is expected to be flat to lower in the coming weeks. More plants could idle than previously thought, with margins being very low. Ethanol plants are trying to get a premium out of DDGs to make it worth running."

In its weekly distillers dried grains with solubles (DDGS) price update, U.S. Grains Council noted, "Prices were generally up this week as continued demand from Southeast Asian markets and increased demand for domestic feeding buoyed markets. Merchandisers reported sales to Vietnam as indications for December delivery of 40-foot containers to Southeast Asia are up 4$ per metric ton (mt) on average. At the U.S. Gulf, indications for December delivery were up for the third straight week to $204/mt. U.S. rail rates were up as well."

ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 11/15/2018 11/8/2018
Bartlett and Company, Kansas City, MO (816-753-6300)
Missouri Dry $153 $150 $3
Modified $80 $78 $2
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Missouri Subject Dry $150 $145 $5
Wet $75 $75 $0
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $145 $145 $0
Indiana Dry $135 $134 $1
Iowa Dry $135 $130 $5
Michigan Dry $140 $135 $5
Minnesota Dry $130 $125 $5
North Dakota Dry $135 $130 $5
New York Dry $145 $145 $0
South Dakota Dry $130 $125 $5
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
Kansas Dry $145 $143 $2
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $138 $138 $0
Iowa Dry $148 $138 $10
Michigan Dry $137 $137 $0
Minnesota Dry $138 $135 $3
Missouri Dry $158 $155 $3
Ohio Dry $138 $138 $0
South Dakota Dry $140 $137 $3
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $144 $144 $0
Wet $55 $55 $0
Illinois Dry $148 $145 $3
Nebraska Dry $144 $144 $0
Wet $55 $55 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $135 $135 $0
Indiana Dry $135 $130 $5
Iowa Dry $135 $130 $5
Michigan Dry $135 $135 $0
Minnesota Dry $130 $130 $0
Nebraska Dry $145 $135 $10
New York Dry $150 $140 $10
North Dakota Dry $140 $140 $0
Ohio Dry $135 $130 $5
South Dakota Dry $135 $130 $5
Wisconsin Dry $130 $130 $0
Valero Energy Corp, San Antonio Texas (210-345-3362) (210-345-3362)
Indiana Dry $140 $140 $0
Iowa Dry $130 $130 $0
Minnesota Dry $130 $130 $0
Nebraska Dry $125 $125 $0
Ohio Dry $140 $140 $0
South Dakota Dry $125 $125 $0
California $192 $192 $0
Western Milling, Goshen, California (559-302-1074)
California Dry $206 $195 $11
*Prices listed per ton.
Weekly Average $138 $136 $2
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 11/15/2018 $3.6750 $131.25
Soybean Meal 11/15/2018 $305.40
DDG Weekly Average Spot Price $138.00
DDG Value Relative to: 11/16 11/8
Corn 105.14% 101.95%
Soybean Meal 45.19% 44.43%
Cost Per Unit of Protein:
DDG $5.11 $5.04
Soybean Meal $6.43 $6.44
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

(BAS/AG)

 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN