MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Feb. 19 was $169 per ton on average, up $3 versus one week ago.

DDG prices were mixed but higher on average for the week with good spot demand, while the cash corn price was lower and soybean meal prices were up $1.00 versus one week ago. As for cash corn, the DTN National Average Corn Index was down 5 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 Feb. 19 was 1.111%. The value of DDG relative to soybean meal was 54.71% and the cost per unit of protein for DDG was $6.26 compared to the cost per unit of protein for soybean meal at $6.50.

U.S. Grains and Bioproducts Council, in its weekly distillers dried grains with solubles (DDGS) export market prices report, showed these March prices as of Feb. 19: CIF NOLA barge price was up $5 at $235 metric ton (mt) versus on week ago; FOB vessel Gulf price was up $7 at $265 mt; rail delivered PNW was down $1 at $268; and rail delivered to California was down $1 at $259 mt.

USDA used Census Bureau data released Thursday to provide more details for December exports of DDGS. U.S. exports of DDGS totaled 894,665 mt in December, down from 933,557 mt in November, and down 12% from December, 2024. DDGS exports fell 4% in 2025 as compared to 2024. Mexico was the top destination in November, taking 18% of U.S. exports and was followed by Indonesia and South Korea.

Ethanol production in the United States averaged 1.118 million barrels per day (bpd) in the week ended Feb. 13, up 8,000 bpd week-on-week and 34,000 bpd, or 3.1%. higher than in the same week last year, the Energy Information Administration reported Thursday. Four-week average output at 1.074 million bpd was in line with year-ago levels. Midwest ethanol production averaged 1.058 million bpd, up 5,000 bpd week-on-week and 25,000 bpd, or 2.4%, higher than in the same week last year. Four-week average output at 1.017 million bpd was 3,000 bpd below the same four weeks last year.

Note: All prices subject to change/confirmation.

ALL PRICES SUBJECT TO CONFIRMATION			CURRENT	PREVIOUS	CHANGE
COMPANY	STATE		2/19/2025	2/12/2025
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	$180	$175	$5
		Wet	$100	$95	$5
CHS, Minneapolis, MN (800-769-1066)
	Illinois	Dry	$177	$177	$0
	Indiana	Dry	$155	$155	$0
	Iowa	Dry	$155	$150	$5
	Michigan	Dry	$160	$155	$5
	Minnesota	Dry	$150	$150	$0
	New York	Dry	$199	$199	$0
	South Dakota	Dry	$175	$175	$0
POET Nutrition, Sioux Falls, SD (888-327-8799)
	Indiana	Dry	$190	$185	$5
	Iowa	Dry	$170	$170	$0
	Michigan	Dry	$185	$180	$5
	Minnesota	Dry	$170	$170	$0
	Missouri	Dry	$175	$175	$0
	Ohio	Dry	$190	$185	$5
	South Dakota	Dry	$165	$165	$0
	Nebraska	Dry	$168	$168	$0
United BioEnergy, Wichita, KS (316-616-3521)
	Kansas	Dry	$185	$180	$5
		Wet	$80	$70	$10
	Ill SOLD OUT Feb.	Dry	$175	$175	$0
	Nebraska	Dry	$175	$170	$5
		Wet	$75	$65	$10
U.S. Commodities, Minneapolis, MN (888-293-1640)
	Illinois	Dry	$175	$165	$10
	Indiana	Dry	$165	$155	$10
	Iowa	Dry	$155	$150	$5
	Michigan	Dry	$155	$155	$0
	Minnesota	Dry	$150	$145	$5
	Nebraska	Dry	$165	$160	$5
	New York	Dry	$190	$185	$5
	North Dakota	Dry	$170	$165	$5
	Ohio	Dry	$175	$170	$5
	South Dakota	Dry	$165	$160	$5
	Wisconsin	Dry	$155	$150	$5
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
	FOB Pickett	Dry	$150	$145	$5
Western Kansas
		Dry	$190	$195	-$5
		Wet	$71	$74	-$3
Western Milling
	California	Dry	$252	$252	$0
**Weekly Average:			$169	$166	$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	2/19/2026	$4.2575	$152.0536
Soybean Meal	2/19/2026		$308.90
DDG Weekly Average Spot Price	2/19/2026		$169.00
DDG Value Relative to:		2/19	2/12
Corn		1.111%	1.078%
Soybean Meal		54.71%	53.91%
Cost Per Unit of Protein:
DDG		$6.26	6.15
Soybean Meal		$6.50	6.48
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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