MINNEAPOLIS (DTN) -- The DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Dec. 4 was $158 per ton on average, up $2 versus two weeks ago.

DDG prices were mixed but higher on average for the week, with the cash corn price higher, while soybean meal prices were weaker, down $6.40 versus two weeks ago. As for cash corn, the DTN National Average Corn Index was up 14 cents versus two weeks ago.

Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Dec. 4 was 0.989%. The value of DDG relative to soybean meal was 50.77% and the cost per unit of protein for DDG was $5.85 compared to the cost per unit of protein for soybean meal at $6.55.

U.S. Grains Council, in its weekly distillers dried grains with solubles (DDGS) export market prices report, showed December prices as of Dec. 4: CIF NOLA barge price was up $2 at $220 metric ton (mt); FOB vessel Gulf price was up $3 at $240 mt; rail delivered PNW was up $15 at $284; and rail delivered to California was up $9 at $270 mt.

Ethanol production in the United States averaged 1.126 million barrels per day (bpd) for the week ended Nov. 28, the Energy Information Administration reported Wednesday. This was up 13,000 bpd versus last week and 53,000 bpd, or 4.7%, higher than in the same week last year. Four-week average output at 1.102 million bpd was 2,000 bpd below the same four weeks last year. Midwest ethanol production averaged 1.068 million bpd, up 13,000 bpd versus last week and 54,000 bpd, or 5.1%, higher than in the same week last year. Four-week average output at 1.042 million bpd was 4,000 bpd above the same four weeks last year. The report this week was another new all-time high was reached for weekly ethanol production.

Note: All prices subject to change/confirmation.

ALL PRICES SUBJECT TO CONFIRMATION			CURRENT	PREVIOUS	CHANGE
COMPANY	STATE		12/4/2025	11/20/2025
Bartlett and Company, Kansas City, MO (816 714 3413)
	Missouri	Dry	$175	$175	$0
		Wet	$90	$90	$0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
		Dry	$170	$170	$0
		Wet	$90	$90	$0
CHS, Minneapolis, MN (800-769-1066)
	Illinois	Dry	$160	$160	$0
	Indiana	Dry	$145	$145	$0
	Iowa	Dry	$143	$142	$1
	Michigan	Dry	$150	$148	$2
	Minnesota	Dry	$135	$135	$0
	New York	Dry	$178	$178	$0
	South Dakota	Dry	$160	$155	$5
POET Nutrition, Sioux Falls, SD (888-327-8799)
	Indiana	Dry	$165	$165	$0
	Iowa	Dry	$170	$165	$5
	Michigan	Dry	$168	$168	$0
	Minnesota	Dry	$170	$165	$5
	Missouri	Dry	$175	$175	$0
	Ohio	Dry	$165	$165	$0
	South Dakota	Dry	$165	$165	$0
	Nebraska	Dry	$175	$175	$0
United BioEnergy, Wichita, KS (316-616-3521)
	Kansas	Dry	$170	$165	$5
		Wet	$55	$55	$0
	Ill SOLD OUT DEC	Dry	$165	$160	$5
	Nebraska	Dry	$165	$160	$5
		Wet	$55	$55	$0
U.S. Commodities, Minneapolis, MN (888-293-1640)
	Illinois	Dry	$150	$150	$0
	Indiana	Dry	$145	$145	$0
	Iowa	Dry	$140	$140	$0
	Michigan	Dry	$140	$140	$0
	Minnesota	Dry	$140	$130	$10
	Nebraska	Dry	$165	$150	$15
	New York	Dry	$165	$165	$0
	North Dakota	Dry	$155	$140	$15
	Ohio	Dry	$155	$155	$0
	South Dakota	Dry	$150	$140	$10
	Wisconsin	Dry	$135	$135	$0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
	FOB Pickett	Dry	$137	$135	$2
Western Kansas
	CALL	Dry	$196	$202	-$6
		Wet	$72	$65	$7
Western Milling
	California	Dry	$247	$237	$10
**Weekly Average:			$158	$156	$2
(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	12/4/2025	$4.4725	$159.7322
Soybean Meal	12/4/2025		$311.20
DDG Weekly Average Spot Price	12/4/2025		$158.00
DDG Value Relative to:		12/4	11/27
Corn		0.989%	1.024%
Soybean Meal		50.77%	49.12%
Cost Per Unit of Protein:
DDG		$5.85	$5.78
Soybean Meal		$6.55	$6.69
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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