Market Matters Blog           05/15 11:33

   DTN Weekly Average DDG Price Slightly Lower

   DTN's weekly average spot price for domestic distillers dried grains is 
slightly 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 14 was 
$186 per ton on average, down $1 versus one week ago.

   DDG prices were mixed but slightly lower on average for the week, while cash 
corn was steady and soybean meal prices were higher versus one week ago, up 
$13.60 per ton. As for cash corn, the DTN National Average Corn Index was 
unchanged 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 14 was 1.114%. The value of DDG relative to 
soybean meal was 55.94% and the cost per unit of protein for DDG was $6.89 
compared to the cost per unit of protein for soybean meal at $7.00.

   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 14: CIF NOLA barge price was up $1 at $252 metric ton (mt) versus on 
week ago; FOB vessel Gulf price was down $4 at $265 mt; rail delivered PNW was 
down $2 at $277; and rail delivered to California was down $8 at $272 mt.

   The Energy Information Administration reported on Wednesday (5/13) that 
overall ethanol production in the United States averaged 1.082 million bpd, up 
65,000 bpd week-on-week and 46,000 bpd, or 4.3% higher than in the same week 
last year. Four-week average output at 1.037 million bpd was 14,000 bpd above 
the same four weeks last year. Midwest ethanol production averaged 1.022 
million bpd, up 63,000 bpd week-on-week and 42,000 bpd, or 4.1% higher than in 
the same week last year. Four-week average output at 979,000 bpd was 14,000 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                        5/14/2026         5/7/2026
Bartlett and Company, Kansas City, MO (816 714 3413)
              Missouri               Dry   $195              $195          $0
                                     Wet   $100              $100          $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   $195              $195          $0
              Indiana                Dry   $173              $173          $0
              Iowa                   Dry   $170              $170          $0
              Michigan               Dry   $176              $176          $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   $205              $205          $0
              Iowa                   Dry   $190              $195          -$5
              Michigan               Dry   $205              $205          $0
              Minnesota              Dry   $185              $190          -$5
              Missouri               Dry   $200              $200          $0
              Ohio                   Dry   $205              $205          $0
              South Dakota           Dry   $195              $190          $5
              Nebraska               Dry   $195              $200          -$5
United BioEnergy, Wichita, KS (316-616-3521)
              Kansas                 Dry   $195              $195          $0
                                     Wet   $68               $68           $0
              Ill NO May             Dry   $195              $195          $0
              Nebraska               Dry   $190              $190          $0
                                     Wet   $75               $75           $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
              Illinois               Dry   $200              $200          $0
              Indiana                Dry   $185              $185          $0
              Iowa                   Dry   $170              $175          -$5
              Michigan               Dry   $175              $175          $0
              Minnesota              Dry   $170              $170          $0
              Nebraska               Dry   $175              $185          -$10
              New York               Dry   $205              $205          $0
              North Dakota           Dry   $175              $175          $0
              Ohio                   Dry   $185              $185          $0
              South Dakota           Dry   $170              $170          $0
              Wisconsin              Dry   $170              $170          $0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
              FOB Pickett            Dry   $165              $165          $0
Western Kansas
                                     Dry   $232              $235          -$3
                                     Wet   $81               $80           $1
Western Milling
              California             Dry   $266              $266          $0
**Weekly Average:                          $186              $187          -$1
(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                                    5/14/2026     $4.6750   $166.9643
Soybean Meal                            5/14/2026               $332.50
DDG Weekly Average Spot Price           5/14/2026               $186.00
DDG Value Relative to:                                5/14      5/7
Corn                                                  1.114%    1.120%
Soybean Meal                                          55.94%    58.64%
Cost Per Unit of Protein:
DDG                                                   $6.89     $6.93
Soybean Meal                                          $7.00     $6.71
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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