Market Matters Blog           07/03 11:18

   DTN Weekly DDG Price Lower on Average 

   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 DTN spot price for domestic distillers dried grains 
(DDG) from 33 locations reporting for the week ended July 2 was $148 per ton on 
average, $2 lower versus one week ago.

   DDG prices were mixed for the week, but lower on average. The hot weather 
recently was not good for spot demand as cattle appetites are reduced during 
hot weather. DTN's National Average Corn Index is up 14 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 July 2 was 0.965%. The value of DDG relative to 
soybean meal was 54.33% and the cost per unit of protein for DDG was $5.48 
compared to the cost per unit of protein for soybean meal at $5.73. (Table is 
still using July futures.)

   The Energy Information Administration reported Wednesday for the week ending 
June 27, overall ethanol production in the United States averaged 1.076 million 
barrels per day (bpd), down 5,000 bpd week-on-week and 22,000 bpd, or 2%, 
higher than in the same week last year. The four-week average output at 1.097 
million bpd was 42,000 bpd above the same four weeks last year. Midwest ethanol 
production averaged 1.016 million bpd, down 7,000 bpd week-on-week and 15,000 
bpd, or 1.5%, higher than in the same week last year. The four-week average 
output at 1.038 million bpd was 39,000 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                              7/2/2025     6/26/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
          Missouri                      Dry  $150         $150         $0
                                        Wet  $80          $80          $0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
                                        Dry  $155         $155         $0
                                        Wet  $75          $75          $0
CHS, Minneapolis, MN (800-769-1066)
          Illinois                      Dry  $150         $150         $0
          Indiana                       Dry  $135         $138         -$3
          Iowa                          Dry  $140         $142         -$2
          Michigan                      Dry  $145         $148         -$3
          Minnesota                     Dry  $135         $130         $5
          New York                      Dry  $158         $158         $0
          South Dakota                  Dry  $135         $135         $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
          Indiana                       Dry  $172         $172         $0
          Iowa                          Dry  $150         $150         $0
          Michigan                      Dry  $175         $175         $0
          Minnesota                     Dry  $150         $150         $0
          Missouri                      Dry  $155         $160         -$5
          Ohio                          Dry  $172         $172         $0
          South Dakota                  Dry  $150         $155         -$5
          Nebraska                      Dry  $145         $150         -$5
United BioEnergy, Wichita, KS (316-616-3521)
          Kansas                        Dry  $150         $155         -$5
                                        Wet  $50          $60          -$10
          Illinois NO JULY              Dry  $0           $0           $0
          Nebraska                      Dry  $140         $153         -$13
                                        Wet  $45          $60          -$15
U.S. Commodities, Minneapolis, MN (888-293-1640)
          Illinois                      Dry  $143         $143         $0
          Indiana                       Dry  $142         $142         $0
          Iowa                          Dry  $135         $135         $0
          Michigan                      Dry  $142         $142         $0
          Minnesota                     Dry  $135         $138         -$3
          Nebraska                      Dry  $152         $155         -$3
          New York                      Dry  $160         $165         -$5
          North Dakota                  Dry  $150         $150         $0
          Ohio                          Dry  $142         $142         $0
          South Dakota                  Dry  $145         $145         $0
          Wisconsin                     Dry  $135         $135         $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
          FOB PickettNO OFFER           Dry  $150         $150         $0
Western Kansas
                                        Dry  $178         $183         -$5
                                        Wet  $68          $72          -$4
Western Milling
          California                    Dry  $219         $220         -$1
**Weekly Average:                            $148         $150         -$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                                      7/2/2025      $4.2925   $153.3036
Soybean Meal                              7/2/2025                $272.40
DDG Weekly Average Spot Price             7/2/2025                $148.00
DDG Value Relative to:                                  7/2       6/25
Corn                                                    0.965%    1.031%
Soybean Meal                                            54.33%    54.71%
Cost Per Unit of Protein:
DDG                                                     5.48      5.59
Soybean Meal                                            5.73      5.81
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




(c) Copyright 2025 DTN, LLC. All rights reserved.