MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Feb. 12 was $166 per ton on average, unchanged versus one week ago.

DDG prices were mixed but steady on average for the week, with the cash corn price lower and soybean meal prices up $4.70 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. 12 was 1.078%. The value of DDG relative to soybean meal was 53.91%, and the cost per unit of protein for DDG was $6.15 compared to the cost per unit of protein for soybean meal at $6.48.

U.S. Grains and Bioproducts Council, in its weekly distillers dried grains with solubles (DDGS) export market prices report, showed March prices as of Feb. 12: CIF NOLA barge price was down $12 at $230 metric ton (mt) versus on week ago; FOB vessel Gulf price was down $1 at $258 mt; rail delivered PNW was up $14 at $269; and rail delivered to California was up $10 at $20 mt.

Ethanol production in the United States averaged 1.11 million barrels per day in the week ended Feb. 6, according to the Energy Information Administration report Wednesday. That was up 154,000 bpd versus last week and 26,000 bpd, or 2.3%, higher than in the same week last year. Four-week average output at 1.075 million bpd was 2,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.053 million bpd, up 151,000 bpd versus last week and 20,000 bpd, or 1.9%, higher than in the same week last year. Four-week average output at 1.019 million bpd was 1,000 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		2/12/2025	2/5/2025
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	$175	$175	$0
		Wet	$95	$95	$0
CHS, Minneapolis, MN (800-769-1066)
	Illinois	Dry	$177	$163	$14
	Indiana	Dry	$155	$152	$3
	Iowa	Dry	$150	$148	$2
	Michigan	Dry	$155	$152	$3
	Minnesota	Dry	$150	$148	$2
	New York	Dry	$199	$192	$7
	South Dakota	Dry	$175	$170	$5
POET Nutrition, Sioux Falls, SD (888-327-8799)
	Indiana	Dry	$185	$185	$0
	Iowa	Dry	$170	$180	-$10
	Michigan	Dry	$180	$180	$0
	Minnesota	Dry	$170	$180	-$10
	Missouri	Dry	$175	$175	$0
	Ohio	Dry	$185	$185	$0
	South Dakota	Dry	$165	$165	$0
	Nebraska	Dry	$168	$168	$0
United BioEnergy, Wichita, KS (316-616-3521)
	Kansas	Dry	$180	$180	$0
		Wet	$70	$70	$0
	Ill SOLD OUT Feb.	Dry	$175	$170	$5
	Nebraska	Dry	$170	$170	$0
		Wet	$65	$65	$0
U.S. Commodities, Minneapolis, MN (888-293-1640)
	Illinois	Dry	$165	$165	$0
	Indiana	Dry	$155	$155	$0
	Iowa	Dry	$150	$150	$0
	Michigan	Dry	$155	$155	$0
	Minnesota	Dry	$145	$145	$0
	Nebraska	Dry	$160	$160	$0
	New York	Dry	$185	$185	$0
	North Dakota	Dry	$165	$165	$0
	Ohio	Dry	$170	$170	$0
	South Dakota	Dry	$160	$160	$0
	Wisconsin	Dry	$150	$150	$0
Fox River Valley Ethanol, Oshkosh WI 715-709-0269
	FOB Pickett	Dry	$145	$145	$0
Western Kansas
		Dry	$195	$195	$0
		Wet	$74	$74	$0
Western Milling
	California	Dry	$252	$245	$7
**Weekly Average:			$166	$166	$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	2/12/2026	$4.3125	$154.0179
Soybean Meal	2/12/2026		$307.90
DDG Weekly Average Spot Price	2/12/2026		$166.00
DDG Value Relative to:		2/12	2/5
Corn		1.078%	1.069%
Soybean Meal		53.91%	54.75%
Cost Per Unit of Protein:
DDG		$6.15	$6.15
Soybean Meal		$6.48	$6.38
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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