By Mary Kennedy
DTN Cash Grains Analyst
OMAHA (DTN) — The domestic distillers dried grains (DDG) weekly average spot price from the 40 locations DTN contacted was down $1, to $141 per ton for the week ended Oct. 16. Prices were mixed from various sellers, but overall, the DDG price this week came under some pressure from the weaker cash corn price.
Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Oct. 16 was at 100.78%. The value of DDG relative to soybean meal was at 46.26%. The cost per unit of protein for DDG was $5.22, compared to the cost per unit of protein for soybean meal at $6.42.
Various closures on the Mississippi River are likely stalling transport of some export containers to the Gulf this week. In the Upper Mississippi River, Locks 16 and 17 have been closed to northbound and southbound traffic since Oct.