Ethanol Blog
Cheryl Anderson DTN Staff Reporter

Monday 01/07/13

DDG Price Average Drops $3 Per Ton From Pre-Holiday Levels

Prices of dried distillers grains fell $3 per ton in recent weeks, reaching the lowest level since mid-November.

A bit of inventory built up during the holidays and lower prices on the corn board helped push DDG prices lower this week than price levels before Christmas.

The DTN weekly DDG spot price average fell $3 per ton last week, to an average of $255 last week, from the $258 pre-Christmas level.

Of the 29 Midwestern locations DTN collects prices from, 20 locations said that their prices decreased in the last two weeks from pre-holiday levels. Decreases between $2 and $10 were reported, though most decreases were in the $5-per-ton range. Prices at nine locations remained the same since pre-holiday levels, while no price increases were reported.

Merchandisers told DTN that the price decreases were due mainly to ethanol plants wanted to sell off a slight build-up in inventory during the holidays. A drop in corn prices also influenced the DDG prices.

The value of DDG relative to corn last week was at about 103.37%, relatively unchanged from 103.72% two weeks ago. The value of DDG relative to soybean meal was at 62.64% last week, an increased from 60.32% two weeks ago.

The cost per unit of protein for DDG last week was $10.20, compared to the cost per unit of protein for soybeans at $8.57.

Cheryl Anderson can be reached at Cheryl.anderson@telventdtn.com.

Posted at 12:31PM CST 01/07/13 by Cheryl Anderson
Post a Blog Comment:
Your Comment:
DTN reserves the right to delete comments posted to any of our blogs and forums, for reasons including profanity, libel, irrelevant personal attacks and advertisements.
Blog Home Pages
April  2015
S M T W T F S
         1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30      
Subscribe to Ethanol Blog RSS
Recent Blog Posts
  • Spot Ethanol Prices Retreat on Profit-Taking
  • DDG Prices Drop as Barge Freight Falls
  • West Coast Spot Ethanol Prices Spike on Short Squeeze
  • Spot Ethanol Prices Pressured by Bearish EIA Data
  • DDGS Play Vital Role in Nebraska Ethanol Impact
  • Spot Ethanol Prices Flat to Up as Supply Data Eyed
  • Argo, PNW Spot Ethanol Prices Nudge Higher in Thin Trade
  • An Economic Case for Ethanol
  • Spot Ethanol Gains at Argo, Steady in New York Harbor
  • Grains Council Works to Open Cuban Markets
  • Ethanol Production Sliding Lower
  • Spot Ethanol Advances After Bullish Weekly Supply Report
  • D6 RINs Extend Higher; Spot Ethanol Prices Flat
  • D6 RINs Edge Higher While Spot Ethanol Prices Ease
  • Corn Prices Remain Range Bound
  • DDGS Rise to Highest Level in Five Months
  • Spot Ethanol Prices Weaken Amid Sluggish Demand
  • Gasoline Stocks Change Direction
  • Spot Ethanol Prices Mostly Flat in Lackluster Trade
  • Spring Buying in the Air