DDG Weekly Update             07/01 11:26

   DTN Weekly DDG Average Price Lower

   DTN's weekly average spot price for domestic distillers dried grains was $7 
lower on average versus one week ago.

Mary Kennedy
DTN Basis Analyst

   OMAHA (DTN) -- The DTN average price for domestic distillers dried grains 
(DDG) from 34 locations reporting for the week ended June 30 was $224 per ton, 
down $7 on average versus one week ago. Prices continue their downward trend, 
as the lower corn price and lack of demand nearby are pressuring prices. The 
DTN National Corn Index is down 39 cents versus one week ago.

   EIA said Wednesday that production at domestic ethanol plants fell 4,000 bpd 
in the week profiled to 1.051 million bpd following a decrease of 5,000 bpd the 
prior week. Production as of June 24 was 0.7% lower than the same week in 2021. 
Plant output averaged 1.051 million bpd during the four weeks ended June 24, 
1,000 bpd above the same four weeks a year earlier.

   Based on the average of prices collected by DTN, the value of DDG relative 
to corn for the week ended June 30 was 84.33%. The value of DDG relative to 
soybean meal was 47.67%, and the cost per unit of protein for DDG was $8.30, 
compared to the cost per unit of protein for soybean meal at $9.89.

   In its weekly DDGS export update, the U.S. Grains Council said: "Barge CIF 
NOLA offers $15/MT lower, on average, this week while FOB Gulf offers are down 
$10-14/MT, depending on the shipment period. Offers for containerized DDGS to 
southeast Asia remain spotty but are generally down $4-7/MT this week, 
averaging $408/MT."

   NOTE: All prices listed below can change at any time and are subject to 
confirmation from seller.

ALL PRICES SUBJECT TO CONFIRMATION           CURRENT     PREVIOUS      CHANGE
COMPANY    STATE                             7/1/2022    6/23/2022
Bartlett and Company, Kansas City, MO (816 714 3413)
           Missouri                    Dry   $240        $255          -$15
                                       Wet   $140        $150          -$10
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
                                       Dry   $245        $255          -$10
                                       Wet   $125        $125          $0
CHS, Minneapolis, MN (800-769-1066)
           Illinois                    Dry   $230        $230          $0
           Indiana                     Dry   $230        $230          $0
           Iowa                        Dry   $225        $225          $0
           Michigan                    Dry   $230        $220          $10
           Minnesota                   Dry   $210        $215          -$5
           New York                    Dry   $230        $230          $0
           South Dakota                Dry   $215        $220          -$5
MGP Ingredients, Atchison, KS (800-255-0302)
                                       Dry   $220        $220          $0
                                       Wet   $70         $70           $0
POET Nutrition, Sioux Falls, SD (888-327-8799)
           Indiana                     Dry   $250        $250          $0
           Iowa                        Dry   $230        $240          -$10
           Michigan                    Dry   $245        $245          $0
           Minnesota                   Dry   $235        $250          -$15
           Missouri                    Dry   $275        $270          $5
           Ohio                        Dry   $250        $250          $0
           South Dakota                Dry   $245        $240          $5
           Nebraska                    Dry   $225        $240          -$15
United BioEnergy, Wichita, KS (316-616-3521)
           Kansas                      Dry   $230        $240          -$10
                                       Wet   $90         $90           $0
           Illinois                    Dry   $230        $240          -$10
           Nebraska                    Dry   $220        $230          -$10
                                       Wet   $90         $90           $0
U.S. Commodities, Minneapolis, MN (888-293-1640)
           Illinois                    Dry   $215        $220          -$5
           Indiana                     Dry   $215        $225          -$10
           Iowa                        Dry   $190        $200          -$10
           Michigan                    Dry   $220        $230          -$10
           Minnesota                   Dry   $190        $200          -$10
           Nebraska                    Dry   $195        $220          -$25
           New York                    Dry   $225        $235          -$10
           North Dakota                Dry   $205        $235          -$30
           Ohio                        Dry   $210        $220          -$10
           South Dakota                Dry   $200        $210          -$10
           Wisconsin                   Dry   $205        $215          -$10
           Western Kansas              Dry   $265        $265          $0
                                       Wet   $115        $115          $0
Western Milling, Goshen, California (559-302-1074)
           California SUBJECT          Dry   $350        $360          -$10
**Weekly Average:                            $224        $231          -$7
(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                                         6/30/2022    $7.4375   $265.63
Soybean Meal                                 6/30/2022              $469.90
DDG Weekly Average Spot Price                                       $224.00
DDG Value Relative to:                                    6/30      6/23
Corn                                                      84.33%    86.61%
Soybean Meal                                              47.67%    54.14%
Cost Per Unit of Protein:
DDG                                                       $8.30     $8.56
Soybean Meal                                              $9.89     $8.98
Notes:
Corn and soybean prices take 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 Twitter @MaryCKenn




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