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OMAHA (DTN) -- The domestic distillers dried grains (DDG) weekly average spot price from the 40 locations DTN contacted was up $1 on average, at $134 per ton, for the week ended Sept. 5. Prices remain steady overall, and some traders have noted that offers for the next few months are higher given the slowing production at ethanol plants which could cut back DDG supplies.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Sept. 5 was at 108.28%. The value of DDG relative to soybean meal was at 46.42%. The cost per unit of protein for DDG was $4.96, compared to the cost per unit of protein for soybean meal at $6.08.
In its weekly export DDGS update, the U.S. Grains Council stated, "Merchandisers and exporters note that prices for DDGS FOB NOLA are lower (down $2 per metric ton) this week following the pressure in corn and soymeal futures. Prices for 40-foot containers to Southeast Asia are steady this week at $232 with spot prices firmer than those for deferred positions. Exporters are saying international markets have been somewhat quiet this week but that Vietnam buyers are actively inquiring on offerings and that Indonesian buyers have secured product for October shipment."
U.S. Census Bureau trade data showed U.S. exports for July totaled 835,000 metric tons (mt), down 127,000 mt compared with June and is the lowest monthly total volume since February. Exports for July were down 24% versus the same time month last year.
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