![]() Elevator Address2518 Lockhead Rd ![]() ![]()
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DDG Weekly Update
Mary Kennedy 12/13 12:57 PM
OMAHA (DTN) -- The domestic distillers dried grains (DDG) weekly average spot price from the 40 locations DTN contacted was up $1 at $145 per ton for the week ended Dec. 12. Prices remained firm in spite of a cheaper cash corn price this past week. A merchandiser told DTN there are a few areas running short on product. The Energy Information Administration noted in their weekly supply report that ethanol inventory in the U.S. increased to a five-week high, while blending activity fell to the second lowest weekly rate of 2019. In addition, domestic plant production was up for a tenth consecutive week for the week ended Dec. 6. Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Dec. 12 was at 110.85%. The value of DDG relative to soybean meal was at 49.06%. The cost per unit of protein for DDG was $5.37, compared to the cost per unit of protein for soybean meal at $6.22. In its weekly export DDGS update, the U.S. Grains Council noted, "The U.S. DDGS market is quiet this week with Barge CIF NOLA and FOB NOLA offers $1 to $2 per metric ton (mt) higher. DDGS rail-delivered to the PNW are up $3/mt this week for December shipment and up $1/mt for January/February. Prices for containers to Southeast Asia are mostly higher this week, with offers $2/mt higher than last week for spot shipment and up $1/mt for deferred positions. The average price for 40-foot containers to Southeast Asia reached $244/mt for December and $243/mt for January/February." * CIF (cost, insurance and freight paid by seller) NOLA (New Orleans) * FOB (free on board means buyer pays costs of ocean freight, insurance, unloading, and transportation from originating port)
* CIF (cost, insurance and freight paid by seller) NOLA (New Orleans) * FOB (free on board means buyer pays costs of ocean freight, insurance, unloading, and transportation from originating port) Mary Kennedy can be reached at mary.kennedy@dtn.com Follow her on Twitter @MaryCKenn (CZ) © Copyright 2019 DTN/The Progressive Farmer. All rights reserved. |
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