OMAHA (DTN) -- The domestic distillers dried grains (DDG) average spot price from the 40 locations DTN contacted was down 5 cents at $134 per ton for the week ended April 18, versus the prior week. Spot DDG truck prices were lower as demand has slowed, along with added pressure coming from continued weakness in the corn market.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended April 18 was at 104.66%. The value of DDG relative to soybean meal was at 44.19%. The cost per unit of protein for DDG was $4.96, compared to the cost per unit of protein for soybean meal at $6.38. Soymeal prices have been moving lower most of the week as the soybean futures fell to their lowest price in 2019 at midweek.
The U.S. Census Bureau said Wednesday that U.S. exports of distillers dried grain with solubles (DDGS) totaled 686,005 metric tons (mt) in February, down from 806,615 mt in January and down 18% from a year ago. Mexico was the top destination in February, taking 24% of U.S. exports, followed by the usual list of South Korea, Indonesia, and Vietnam. In the first two months of 2019, U.S. exports of DDGS were down 14% from a year ago.
ALL PRICES SUBJECT TO CONFIRMATION
Bartlett and Company, Kansas City, MO (816-753-6300)
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)