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MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended March 5 was $172 per ton on average, up $2 versus one week ago.
DDG prices were mixed but higher on average again for the week, while the cash corn price was higher and soybean meal prices were down $11.60 versus one week ago. As for cash corn, the DTN National Average Corn Index was up 12 cents versus one week ago.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended March 5 was 1.062%. The value of DDG relative to soybean meal was 55.61% and the cost per unit of protein for DDG was $6.37 compared to the cost per unit of protein for soybean meal at $6.51.
U.S. Grains and Bioproducts Council, in its weekly distillers dried grains with solubles (DDGS) export market prices report, showed these April prices as of March 5: CIF NOLA barge price was up $20 at $248 metric ton (mt) versus on week ago; FOB vessel Gulf price was up $3 at $265 mt; rail delivered PNW was down $7 at $278; and rail delivered to California was down $10 at $270 mt.
The Energy Information Administration reported on Wednesday (3/4) that overall ethanol production in the United States averaged 1.095 million barrels per day (bpd) in the week ended Feb. 27, down 18,000 bpd week-on-week but 33,000 bpd, or 3.1%, higher than in the same week last year. Four-week average output at 1.109 million bpd was 24,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.044 million bpd, down 16,000 bpd week-on-week and 36,000 bpd, or 3.6%, higher than in the same week last year. Four-week average output at 1.054 million bpd was 22,000 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 | 3/5/2025 | 2/26/2025 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $175 | $175 | $0 | |
| Wet | $90 | $90 | $0 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| Dry | $175 | $175 | $0 | ||
| Wet | $95 | $95 | $0 | ||
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $178 | $177 | $1 | |
| Indiana | Dry | $165 | $160 | $5 | |
| Iowa | Dry | $162 | $160 | $2 | |
| Michigan | Dry | $165 | $162 | $3 | |
| Minnesota | Dry | $155 | $153 | $2 | |
| New York | Dry | $200 | $199 | $1 | |
| South Dakota | Dry | $170 | $165 | $5 | |
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $190 | $190 | $0 | |
| Iowa | Dry | $170 | $170 | $0 | |
| Michigan | Dry | $185 | $185 | $0 | |
| Minnesota | Dry | $170 | $170 | $0 | |
| Missouri | Dry | $175 | $175 | $0 | |
| Ohio | Dry | $190 | $190 | $0 | |
| South Dakota | Dry | $165 | $165 | $0 | |
| Nebraska | Dry | $175 | $168 | $7 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $180 | $185 | -$5 | |
| Wet | $80 | $80 | $0 | ||
| Ill Limited Quant | Dry | $185 | $185 | $0 | |
| Nebraska | Dry | $180 | $175 | $5 | |
| Wet | $75 | $75 | $0 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $180 | $175 | $5 | |
| Indiana | Dry | $170 | $165 | $5 | |
| Iowa | Dry | $160 | $155 | $5 | |
| Michigan | Dry | $160 | $155 | $5 | |
| Minnesota | Dry | $155 | $150 | $5 | |
| Nebraska | Dry | $170 | $165 | $5 | |
| New York | Dry | $195 | $190 | $5 | |
| North Dakota | Dry | $175 | $170 | $5 | |
| Ohio | Dry | $180 | $175 | $5 | |
| South Dakota | Dry | $170 | $165 | $5 | |
| Wisconsin | Dry | $160 | $155 | $5 | |
| Fox River Valley Ethanol, Oshkosh WI 715-709-0269 | |||||
| FOB Pickett | Dry | $155 | $150 | $5 | |
| Western Kansas | |||||
| Dry | $200 | $190 | $10 | ||
| Wet | $74 | $71 | $3 | ||
| Western Milling | |||||
| California | Dry | $267 | $252 | $15 | |
| **Weekly Average: | $172 | $170 | $2 | ||
| (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 | 3/5/2026 | $4.5350 | $161.9643 |
| Soybean Meal | 3/5/2026 | $309.30 | |
| DDG Weekly Average Spot Price | 3/5/2026 | $172.00 | |
| DDG Value Relative to: | 3/5 | 2/26 | |
| Corn | 1.062% | 1.073% | |
| Soybean Meal | 55.61% | 52.98% | |
| Cost Per Unit of Protein: | |||
| DDG | $6.37 | 6.30 | |
| Soybean Meal | $6.51 | 6.76 | |
| 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 the social platform X @MaryCKenn
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