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Market Matters Blog 05/29 11:59
DTN Weekly Average DDG Price Lower Again
DTN's weekly average spot price for domestic distillers dried grains is
lower versus one week ago.
Mary Kennedy
DTN Basis Analyst
MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers
dried grains (DDG) from 33 locations reporting for the week ended May 28 was
$182 per ton on average, down $3 versus one week ago. One merchandiser told
DTN, "Shutdown season is over; prices are going down!"
DDG prices were lower on average for the week, while cash corn was lower and
soybean meal prices were higher versus one week ago, up $5.70 per ton. As for
cash corn, the DTN National Average Corn Index was down 5 cents per bushel
versus one week ago.
Based on the average of prices collected by DTN, the value of DDG relative
to corn for the week ended May 28 was 1.118%. The value of DDG relative to
soybean meal was 54.47% and the cost per unit of protein for DDG was $6.74
compared to the cost per unit of protein for soybean meal at $7.03.
U.S. Grains and Bioproducts Council, in its weekly distillers dried grains
with solubles (DDGS) export market prices report, showed these June prices as
of May 28: CIF NOLA barge price was up $2 at $254 metric ton (mt) versus on
week ago; FOB vessel Gulf price was down $5 at $262 mt; rail delivered PNW was
up $6 at $278; and rail delivered to California was down $2 at $272 mt.
Ethanol production in the United States averaged 1.089 million barrels per
day (bpd) in the week ended May 22, according to the Energy Information
Administration. That is down 22,000 bpd week-on-week and 33,000 bpd, or 3%,
higher than in the same week last year. Four-week average output at 1.075
million bpd was 49,000 bpd above the same four weeks last year. Midwest ethanol
production averaged 1.035 million bpd, down 21,000 bpd week-on-week and 36,000
bpd, or 3.5%, higher than in the same week last year. Four-week average output
at 1.018 million bpd was 48,000 bpd above the same four weeks last year.
Note: All prices subject to change/confirmation.
ALL PRICES SUBJECT TO CONFIRMATION CURRENT PREVIOUS CHANGE
COMPANY STATE 5/28/2026 5/21/2026
Bartlett and Company, Kansas City, MO (816 714 3413)
Missouri Dry $190 $190 $0
Wet $95 $95 $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
Dry $185 $190 -$5
Wet $85 $90 -$5
CHS, Minneapolis, MN (800-769-1066)
Illinois Dry $190 $192 -$2
Indiana Dry $170 $173 -$3
Iowa Dry $172 $172 $0
Michigan Dry $175 $175 $0
Minnesota Dry $170 $170 $0
New York Dry $195 $195 $0
South Dakota Dry $180 $180 $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
Indiana Dry $201 $201 $0
Iowa Dry $185 $190 -$5
Michigan Dry $201 $201 $0
Minnesota Dry $185 $185 $0
Missouri Dry $200 $200 $0
Ohio Dry $201 $201 $0
South Dakota Dry $185 $190 -$5
Nebraska Dry $185 $190 -$5
United BioEnergy, Wichita, KS (316-616-3521)
Kansas Dry $185 $195 -$10
Wet $68 $68 $0
Ill NO May Dry $195 $195 $0
Nebraska Dry $180 $190 -$10
Wet $75 $75 $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
Illinois Dry $195 $200 -$5
Indiana Dry $180 $185 -$5
Iowa Dry $165 $170 -$5
Michigan Dry $170 $175 -$5
Minnesota Dry $165 $170 -$5
Nebraska Dry $170 $175 -$5
New York Dry $200 $205 -$5
North Dakota Dry $165 $175 -$10
Ohio Dry $175 $185 -$10
South Dakota Dry $165 $170 -$5
Wisconsin Dry $160 $170 -$10
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
FOB Pickett Dry $165 $165 $0
Western Kansas
Dry $230 $230 $0
Wet $72 $72 $0
Western Milling
California Dry $263 $263 $0
**Weekly Average: $182 $185 -$3
(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 5/28/2026 $4.5575 $162.7679
Soybean Meal 5/28/2026 $334.10
DDG Weekly Average Spot Price 5/28/2026 $182.00
DDG Value Relative to: 5/28 5/21
Corn 1.118% 1.121%
Soybean Meal 54.47% 56.33%
Cost Per Unit of Protein:
DDG $6.74 $6.85
Soybean Meal $7.03 $6.91
Notes:
Corn and soybean prices taken 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 social platform X @MaryCKenn
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