By Mary Kennedy
DTN Cash Grains Analyst

OMAHA (DTN) -- The domestic distillers dried grains (DDG) weekly average spot price from the 40 locations DTN contacted was down $1, to $141 per ton for the week ended Oct. 16. Prices were mixed from various sellers, but overall, the DDG price this week came under some pressure from the weaker cash corn price.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Oct. 16 was at 100.78%. The value of DDG relative to soybean meal was at 46.26%. The cost per unit of protein for DDG was $5.22, compared to the cost per unit of protein for soybean meal at $6.42.

Various closures on the Mississippi River are likely stalling transport of some export containers to the Gulf this week. In the Upper Mississippi River, Locks 16 and 17 have been closed to northbound and southbound traffic since Oct. 13. American Commercial Barge Line noted that the latest forecasts reflect Lock 17 will reopen the evening of Oct. 17 and Lock 16 will reopen the morning of Oct. 18. Twenty-four hours of transit delays are expected for the cleanup of both locks.

In the Lower Mississippi there is a closure at Mile 249 as of Oct. 16 through Oct. 18 from 07:00-17:00 to southbound tows with four or more barges. At the Gulf, weather fronts moving through the Gulf and Canal areas this week through Oct. 18 will cause intermittent delays there from wind and fog, added ACBL.

ALL PRICES SUBJECT TO CONFIRMATION			CURRENT	PREVIOUS	CHANGE
COMPANY	STATE		10/16/2019	10/11/2019
Bartlett and Company, Kansas City, MO (816-753-6300)
Missouri	Dry	$150	$150	$0
	Wet	$75	$75	$0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
	Missouri Subject	Dry	$147	$147	$0
		Wet	$75	$75	$0
CHS, Minneapolis, MN (800-769-1066)
Subject	Illinois	Dry	$140	$140	$0
Subject	Indiana	Dry	$140	$140	$0
Subject	Iowa	Dry	$135	$135	$0
Subject	Michigan	Dry	$150	$150	$0
Subject	Minnesota	Dry	$135	$135	$0
Subject	North Dakota	Dry	$130	$130	$0
Subject	New York	Dry	$150	$150	$0
Subject	South Dakota	Dry	$125	$125	$0
MGP Ingredients, Atchison, KS (800-255-0302 Ext. 5253)
	Kansas	Dry	$145	$145	$0
POET Nutrition, Sioux Falls, SD (888-327-8799)
	Indiana	Dry	$140	$150	-$10
	Iowa	Dry	$140	$145	-$5
	Michigan	Dry	$135	$135	$0
	Minnesota	Dry	$138	$140	-$2
	Missouri	Dry	$143	$145	-$2
	Ohio	Dry	$145	$155	-$10
	South Dakota	Dry	$150	$150	$0
United BioEnergy, Wichita, KS (316-616-3521)
Kansas	Dry	$145	$140	$5
	Wet	$55	$45	$10
Illinois	Dry	$147	$147	$0
Nebraska	Dry	$135	$145	-$10
	Wet	$45	$45	$0
U.S. Commodities, Minneapolis, MN (888-293-1640)
	Illinois	Dry	$145	$145	$0
	Indiana	Dry	$155	$155	$0
	Iowa	Dry	$140	$140	$0
	Michigan	Dry	$150	$150	$0
	Minnesota	Dry	$135	$135	$0
	Nebraska	Dry	$140	$140	$0
	New York	Dry	$165	$165	$0
	North Dakota	Dry	$140	$140	$0
	Ohio	Dry	$155	$155	$0
	South Dakota	Dry	$135	$135	$0
	Wisconsin	Dry	$135	$135	$0
Valero Energy Corp, San Antonio Texas			(210-345-3362)	(210-345-3362)
Indiana	Dry	$136	$136	$0
Iowa	Dry	$145	$135	$10
Minnesota	Dry	$140	$140	$0
Nebraska	Dry	$135	$135	$0
Ohio	Dry	$145	$145	$0
South Dakota	Dry	$135	$135	$0
California	Dry	$205	$200	$5
Western Milling, Goshen, California (559-302-1074)
California	Dry	$203	$206	-$3
*Prices listed per ton.
	Weekly Average		$141	$142	-$1
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	10/16/2019	$3.9175	$139.91
Soybean Meal	10/16/2019	$304.80
DDG Weekly Average Spot Price	$141.00
DDG Value Relative to:		10/16	10/10
Corn		100.78%	104.56%
Soybean Meal		46.26%	46.69%
Cost Per Unit of Protein:
DDG		$5.22	$5.26
Soybean Meal		$6.42	$6.40
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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