MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended Feb. 26 was $170 per ton on average, up $1 versus one week ago.

DDG prices were mixed but higher on average for the week, while the cash corn price was higher and soybean meal prices were up $12.00 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 Feb 26 was 1.073%. The value of DDG relative to soybean meal was 52.98% and the cost per unit of protein for DDG was $6.30 compared to the cost per unit of protein for soybean meal at $6.76.

U.S. Grains and Bioproducts Council, in its weekly distillers dried grains with solubles (DDGS) export market prices report, showed these April prices as of Feb. 26: CIF NOLA barge price was down $3 at $228 metric ton (mt) versus on week ago; FOB vessel Gulf price was up $7 at $263 mt; rail delivered PNW was up $17 at $285; and rail delivered to California was up $23 at $280 mt.

Ethanol production in the United States averaged 1.113 million barrels per day (bpd) in the week ended Feb. 20, down 5,000 bpd week-on-week and 32,000 bpd, or 3%, higher than in the same week last year, the Energy Information Administration reported Wednesday. Four-week average output at 1.127 million bpd was 23,000 bpd above the same four weeks last year. Midwest ethanol production averaged 1.06 million bpd, up 2,000 bpd week-on-week and 27,000 bpd, or 2.6%, higher than in the same week last year. Four-week average output at 1.07 million bpd was 24,000 bpd above the same four weeks last year.

Note: All prices subject to change/confirmation.

Mary Kennedy can be reached at mary.kennedy@dtn.com

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