MINNEAPOLIS (DTN) -- The DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Nov. 6 was $149 per ton on average, up $3 versus one week ago.

DDG prices were mixed but higher on average for the week, while soybean meal prices pushed higher again this week. Traders noted spot demand has picked up as well. As for cash corn, the DTN National Average Corn Index was down 3 cents versus one week ago.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Nov. 6 was 0.973%. The value of DDG relative to soybean meal was 47.65% and the cost per unit of protein for DDG was $5.52 compared to the cost per unit of protein for soybean meal at $6.58.

U.S. Grains Council, in its weekly distillers dried grains with solubles (DDGS) export market prices report, showed November prices as of Nov.6: CIF NOLA barge price was up $3 at $210 metric ton (mt); FOB vessel Gulf price was steady at $230 mt; rail delivered PNW was up $6 at $247; and rail delivered to California was down $2 at $232 mt.

The Energy Information Administration reported on Wednesday for the week ended Oct. 31, overall ethanol production in the United States averaged 1.123 million barrels per day (bpd), up 32,000 bpd versus last week and 18,000 bpd, or 1.6%, higher than in the same week last year. Four-week average output at 1.1 million bpd was 23,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.061 million bpd, up 25,000 bpd versus last week and 19,000 bpd, or 1.8% higher than in the same week last year. In the Midwest, four-week average output at 1.043 million bpd was 27,000 bpd above the same four weeks last year. The production volume last week was the highest week on record.

Note: All prices subject to change/confirmation.

ALL PRICES SUBJECT TO CONFIRMATION			CURRENT	PREVIOUS	CHANGE
COMPANY	STATE		11/6/2025	10/30/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
	Missouri	Dry	$155	$155	$0
		Wet	$80	$80	$0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
		Dry	$155	$155	$0
		Wet	$80	$80	$0
CHS, Minneapolis, MN (800-769-1066)
	Illinois	Dry	$155	$155	$0
	Indiana	Dry	$140	$140	$0
	Iowa	Dry	$135	$135	$0
	Michigan	Dry	$145	$145	$0
	Minnesota	Dry	$132	$130	$2
	New York	Dry	$168	$165	$3
	South Dakota	Dry	$140	$135	$5
POET Nutrition, Sioux Falls, SD (888-327-8799)
	Indiana	Dry	$165	$165	$0
	Iowa	Dry	$155	$145	$10
	Michigan	Dry	$165	$165	$0
	Minnesota	Dry	$155	$145	$10
	Missouri	Dry	$165	$160	$5
	Ohio	Dry	$165	$165	$0
	South Dakota	Dry	$150	$145	$5
	Nebraska	Dry	$155	$150	$5
United BioEnergy, Wichita, KS (316-616-3521)
	Kansas	Dry	$165	$160	$5
		Wet	$55	$50	$5
	Ill SOLD OUT NOV	Dry	$160	$155	$5
	Nebraska	Dry	$165	$155	$10
		Wet	$55	$50	$5
U.S. Commodities, Minneapolis, MN (888-293-1640)
	Illinois	Dry	$143	$143	$0
	Indiana	Dry	$138	$138	$0
	Iowa	Dry	$136	$136	$0
	Michigan	Dry	$140	$140	$0
	Minnesota	Dry	$128	$128	$0
	Nebraska	Dry	$145	$143	$2
	New York	Dry	$155	$155	$0
	North Dakota	Dry	$135	$135	$0
	Ohio	Dry	$147	$147	$0
	South Dakota	Dry	$135	$135	$0
	Wisconsin	Dry	$133	$133	$0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
	FOB Pickett	Dry	$130	$130	$0
Western Kansas
	CALL	Dry	$190	$178	$12
		Wet	$58	$55	$3
Western Milling
	California	Dry	$227	$222	$5
**Weekly Average:			$149	$146	$3
(Prices listed per ton)
**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	11/6/2025	$4.2875	$153.1250
Soybean Meal	11/6/2025		$312.70
DDG Weekly Average Spot Price	11/6/2025		$149.00
DDG Value Relative to:		11/6	10/30
Corn		0.973%	0.950%
Soybean Meal		47.65%	46.26%
Cost Per Unit of Protein:
DDG		$5.52	5.41
Soybean Meal		$6.58	6.64
Notes:
Corn and soybean prices taken 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 the social platform X @MaryCKenn

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