DTN Weekly DDG Price Steady on Average

Source: By Mary Kennedy, DTN Staff Reporter • Posted: Monday, October 4, 2021

OMAHA (DTN) — The DTN average price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Sept. 30 was $195 per ton, unchanged on average from one week ago. DDG prices were mixed this week, while the cash corn price hasn’t changed much from one week ago to have a big effect on the market. The DTN National Corn Index is 4 cents higher from one week ago, while average basis was 7 cents weaker. Some merchandisers have said trucks are hard to come by and freight is expensive.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Sept. 30 was 101.72%. The value of DDG relative to soybean meal was 59.78% and the cost per unit of protein for DDG was $7.22, compared to the cost per unit of protein for soybean meal at $6.87.

In its weekly DDGS export price update, the U.S. Grains Council said: “On the export market, DDGS values are higher with sellers accounting for higher freight rates. Barge CIF NOLA rates are up $6 to $7 metric ton (mt) for November/December shipment while FOB NOLA offers are up $4 to $5/mt. U.S. rail rates are higher as well with offers for product into Lethbridge, Alberta, up $8/mt this week. Offers for containerized DDGS to Southeast Asia are spotty with brokers amid the uncertainty in freight rates. Bid/ask spreads are wide this week with few trades confirmed so far. On average, offers are up $1/mt at $348/mt this week.”

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