MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended April 23 was $186 per ton on average, unchanged versus one week ago.

DDG prices were mixed but steady on average for the week, while cash corn was higher and soybean meal prices were lower, down $11.70 versus one week ago. As for cash corn, the DTN National Average Corn Index was up 9 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 April 23 was 1.123%. The value of DDG relative to soybean meal was 58.77% and the cost per unit of protein for DDG was $6.89 compared to the cost per unit of protein for soybean meal at $6.66.

U.S. Grains and Bioproducts Council, in its weekly distillers dried grains with solubles (DDGS) export market prices report, showed these May prices as of April 23: CIF NOLA barge price was up $3 at $258 metric ton (mt) versus on week ago; FOB vessel Gulf price was up $2 at $270 mt; rail delivered PNW was up $18 at $288; and rail delivered to California was steady at $279 mt.

Ethanol production in the United States averaged 1.04 million barrels per day (bpd) in the week ended April 17, down 80,000 bpd week-on-week and 7,000 bpd, or 0.7%, higher than in the same week last year, the Energy Information Administration reported Wednesday. Four-week average output at 1.088 million bpd was 56,000 bpd above the same four weeks last year. Midwest ethanol production averaged 979,000 bpd, down 88,000 bpd week-on-week and 3,000 bpd, or 0.3%, higher than in the same week last year. Four-week average output at 1.034 million bpd was 57,000 bpd above the same four weeks last year.

Note: All prices subject to change/confirmation.

ALL PRICES SUBJECT TO CONFIRMATION			CURRENT	PREVIOUS	CHANGE
COMPANY	STATE		4/23/2026	4/16/2026
Bartlett and Company, Kansas City, MO (816 714 3413)
	Missouri	Dry	$190	$190	$0
		Wet	$100	$100	$0
Show Me Ethanol LLC, Carrollton, MO (660-542-6493)
		Dry	$190	$190	$0
		Wet	$100	$100	$0
CHS, Minneapolis, MN (800-769-1066)
	Illinois	Dry	$195	$195	$0
	Indiana	Dry	$175	$175	$0
	Iowa	Dry	$170	$170	$0
	Michigan	Dry	$173	$173	$0
	Minnesota	Dry	$165	$165	$0
	New York	Dry	$185	$185	$0
	South Dakota	Dry	$180	$180	-$5
POET Nutrition, Sioux Falls, SD (888-327-8799)
	Indiana	Dry	$200	$200	$0
	Iowa	Dry	$190	$190	$0
	Michigan	Dry	$200	$200	$0
	Minnesota	Dry	$190	$190	$0
	Missouri	Dry	$200	$195	$5
	Ohio	Dry	$200	$200	$0
	South Dakota	Dry	$190	$180	$10
	Nebraska	Dry	$200	$200	$0
United BioEnergy, Wichita, KS (316-616-3521)
	Kansas	Dry	$200	$200	$0
		Wet	$68	$68	$0
	Ill NO April	Dry	$188	$188	$0
	Nebraska	Dry	$195	$195	$0
		Wet	$75	$75	$0
U.S. Commodities, Minneapolis, MN (888-293-1640)
	Illinois	Dry	$200	$200	$0
	Indiana	Dry	$185	$185	$0
	Iowa	Dry	$175	$175	$0
	Michigan	Dry	$175	$175	$0
	Minnesota	Dry	$165	$165	$0
	Nebraska	Dry	$185	$185	$0
	New York	Dry	$205	$205	$0
	North Dakota	Dry	$175	$175	$0
	Ohio	Dry	$185	$185	$0
	South Dakota	Dry	$170	$170	$0
	Wisconsin	Dry	$170	$170	$0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
	FOB Pickett	Dry	$165	$165	$0
Western Kansas
		Dry	$235	$230	$0
		Wet	$77	$77	$0
Western Milling
	California	Dry	$266	$263	$3
**Weekly Average:			$186	$186	$0
(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	4/23/2026	$4.6375	$165.6250
Soybean Meal	4/23/2026		$316.50
DDG Weekly Average Spot Price	4/23/2026		$186.00
DDG Value Relative to:		4/23	4/16
Corn		1.123%	1.161%
Soybean Meal		58.77%	56.69%
Cost Per Unit of Protein:
DDG		$6.89	$6.89
Soybean Meal		$6.66	$6.91
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 social platform X @MaryCKenn

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