MINNEAPOLIS (DTN) -- The average DTN spot price for domestic distillers dried grains (DDG) from 33 locations reporting for the week ended March 12 was $177 per ton on average, up $5 versus one week ago.

DDG prices were mixed but higher on average again for the week, with the cash corn and soybean meal prices pushing higher as well. Soybean meal prices were up $10.90 versus one week ago. As for cash corn, the DTN National Average Corn Index was up 17 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 March 12 was 1.072%. The value of DDG relative to soybean meal was 55.28% and the cost per unit of protein for DDG was $6.56 compared to the cost per unit of protein for soybean meal at $6.74.

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 March 12: CIF NOLA barge price was up $1 at $249 metric ton (mt) versus on week ago; FOB vessel Gulf price was down $1 at $264 mt; rail delivered PNW was up $3 at $281; and rail delivered to California was unchanged at $270 mt.

Ethanol production in the United States averaged 1.126 million barrels per day (bpd) in the week ended March 6, up 31,000 bpd versus last week and 64,000 bpd, or 6%, higher than in the same week last year, the Energy Information Administration reported on 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 1.078 million bpd, up 34,000 bpd versus last week and 70,000 bpd, or 6.9%, 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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