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Corn-Based DDGS Prices, Demand and Supply Overview
China paid the most for corn-based DDGS in Q3 2026: USD 252/MT, down 1.2% from USD 255/MT in Q2. Import costs, trade rules and steady demand from feed mills keep Chinese prices above the other three markets. Worldwide, the average fell 1.3% to USD 228/MT from USD 231/MT, mostly because larger corn supplies and steady ethanol output led plants and importers to lower offers in all four markets. What about Q4 2026? We expect a global average somewhere in the USD 220-235/MT range, with corn prices, ethanol plant output, prices of soybean meal and demand from feed mills doing most of the work.
Distillers dried grains with solubles, or DDGS, is the feed co-product left after corn is fermented to make fuel ethanol. It contains about 27 to 30 percent protein and is a source of energy and fiber in cattle, pig and poultry feed. Prices in this report refer to corn-based DDGS in bulk and are quoted per metric ton. They depend on corn prices, ethanol output, prices of soybean meal and demand from feed mills.
The United States is by far the largest producer and exporter, followed by Canada, China and the European Union. Output rises and falls with ethanol plant runs, so supply follows fuel demand rather than feed demand. Exports go mainly to Vietnam, Mexico, South Korea and China by rail, truck and ship, and prices vary with protein, fat and moisture.
Corn-Based DDGS Price Forecast for 2026
Prices should ease slightly through the rest of 2026. Corn supplies are large and ethanol plants run at steady rates, but export demand from Asian feed mills limits the size of the decline. The Q3 2026 global average of USD 228/MT is 1.3% above the USD 225/MT of Q3 2025.
For Q4, the risks are weighted toward lower prices. What could push prices higher? Higher corn or soybean meal prices, lower ethanol output or stronger export demand would lift prices. What could pull them lower? Lower corn prices, higher ethanol output or weaker demand from feed mills would lower prices.
| Region | 2026 Price Range (USD/MT) | Outlook |
| Global Average | 220 - 235 | Steady ethanol output limits prices |
| United States | 195 - 210 | High ethanol output keeps prices lowest |
| Canada | 210 - 225 | Local ethanol output limits prices |
| Vietnam | 225 - 245 | Import costs support prices |
| China | 240 - 260 | Import costs and trade rules keep prices highest |
For the Quarter Ending September 2026
Corn-Based DDGS Prices Q3 2026:
- United States: USD 205/MT
- Canada: USD 218/MT
- Vietnam: USD 238/MT
- China: USD 252/MT
Corn-Based DDGS Prices in United States
In Q3 2026, the average price in the United States fell 1.4% to USD 205/MT, compared with USD 208/MT in Q2. American prices fell as output of DDGS increased. Compared with Q3 2025, when the United States averaged USD 202/MT, the current price is 1.5% higher. The gap to the four-market average of USD 228/MT was 10.1% below for the United States.
Why did the price of Corn-Based DDGS change in Q3 2026 in United States?
The United States declined. Output of DDGS increased, ethanol plants lowered offers, and demand from feedlots was soft. This leaves the United States 0.5% higher than at the end of 2025, when the average was USD 204/MT, while the global average is 0.4% higher over the same period. Across the four markets the average was 1.3% lower on the quarter.
Corn-Based DDGS Prices in Canada
Canada's average moved down 1.4% in Q3 2026, to USD 218/MT from USD 221/MT in Q2. Canadian prices fell as the supply of DDGS increased. Measured against Q3 2025, when the average stood at USD 215/MT, the market is 1.4% higher. Relative to the four-market average of USD 228/MT, Canada traded 4.4% below in Q3 2026.
Why did the price of Corn-Based DDGS change in Q3 2026 in Canada?
Canada declined. Supply of DDGS increased, ethanol plants lowered prices, and demand from dairy farms was soft. From USD 217/MT at the close of 2025 to USD 218/MT in Q3 2026, the price in Canada has risen 0.5%, and the global average has risen 0.4%. On the global measure the average was 1.3% lower over the quarter.
Corn-Based DDGS Prices in Vietnam
Prices in Vietnam softened 1.2% in Q3 2026 to USD 238/MT, compared with USD 241/MT in Q2. Vietnamese prices fell as arrivals of DDGS increased. In Q3 2025 the average was USD 235/MT, so the market is 1.3% higher on a yearly basis. This places Vietnam 4.4% above the four-market average of USD 228/MT for Q3 2026.
Why did the price of Corn-Based DDGS change in Q3 2026 in Vietnam?
Vietnam declined. Arrivals of DDGS increased, importers lowered offers, and demand from pig and poultry farms was soft. Across the first three quarters of 2026, Vietnam has moved up 0.4% from USD 237/MT in Q4 2025 to USD 238/MT, against a 0.4% gain for the global average. For comparison, the global average moved 1.3% lower over the same quarter.
Corn-Based DDGS Prices in China
China recorded a 1.2% decline in Q3 2026, with the average falling to USD 252/MT from USD 255/MT in Q2. Chinese prices eased as imports of DDGS increased. This represents a 1.2% increase on the USD 249/MT recorded in Q3 2025. Against the four-market average of USD 228/MT, China stood 10.5% above in the quarter.
Why did the price of Corn-Based DDGS change in Q3 2026 in China?
China eased. Imports of DDGS increased, traders lowered prices, and demand from feed mills was soft. Year to date, China is 0.4% higher than the Q4 2025 level of USD 251/MT, while the global average is 0.4% higher. The global average shifted 1.3% lower in the same quarter. This represents a quarter-on-quarter change of 1.2% for China.
For the Quarter Ending June 2026
Corn-Based DDGS Prices Q2 2026:
- United States: USD 208/MT
- Canada: USD 221/MT
- Vietnam: USD 241/MT
- China: USD 255/MT
Corn-Based DDGS Prices in United States
The United States recorded a 1.0% gain in Q2 2026, with the average reaching USD 208/MT against USD 206/MT in Q1. American prices rose as the demand from feedlots strengthened. A year earlier, in Q2 2025, the average stood at USD 199/MT, which makes the current price 4.5% higher. In comparison with the average of USD 231/MT across the four markets, the price in the United States was 10.0% lower.
Why did the price of Corn-Based DDGS change in Q2 2026 in United States?
The United States rose. Demand from feedlots strengthened, corn prices went up, and ethanol plants lifted offers. The 1.0% gain in Q1 set the base, and Q2 finished 4.5% above the USD 199/MT recorded a year earlier. Q3 reversed some of the change, with the price at USD 205/MT. The global average shifted 0.9% higher in the same quarter.
Corn-Based DDGS Prices in Canada
The Q2 2026 average for Canada stood at USD 221/MT, an increase of 0.9% on the USD 219/MT recorded in Q1. Canadian prices rose as the demand from dairy farms strengthened. Taking Q2 2025 as the base, at USD 212/MT, the latest quarter is 4.2% higher. Canada ended the quarter 4.3% below the group average of USD 231/MT.
Why did the price of Corn-Based DDGS change in Q2 2026 in Canada?
Canada rose. Demand from dairy farms strengthened, rail costs went up, and ethanol plants lifted prices. This followed a 0.9% gain in Q1 and left Canada 4.2% above its Q2 2025 average of USD 212/MT. The price then partly reversed in Q3, to USD 218/MT. Across the four markets the average was 0.9% higher on the quarter.
Corn-Based DDGS Prices in Vietnam
Vietnam registered a 0.8% increase in Q2 2026, taking the average to USD 241/MT from USD 239/MT in Q1. Vietnamese prices rose as the demand from pig farms strengthened. Against the USD 233/MT recorded in Q2 2025, the current average represents a 3.4% increase. The price in Vietnam was 4.3% above the group average of USD 231/MT in Q2 2026.
Why did the price of Corn-Based DDGS change in Q2 2026 in Vietnam?
Vietnam rose. Demand from pig farms strengthened, freight costs went up, and importers lifted offers. After a 0.8% gain in Q1, the quarter closed 3.4% above the USD 233/MT recorded in Q2 2025. Part of the move was reversed in Q3, leaving the price at USD 238/MT. On the global measure the average was 0.9% higher over the quarter.
Corn-Based DDGS Prices in China
China rose 0.8% to USD 255/MT in Q2 2026, from USD 253/MT in Q1. Chinese prices rose as the demand from feed mills strengthened. The Q2 2025 average of USD 246/MT puts the current price 3.7% above its level a year earlier. The gap to the four-market average of USD 231/MT was 10.4% above for China.
Why did the price of Corn-Based DDGS change in Q2 2026 in China?
China rose. Demand from feed mills strengthened, import costs went up, and traders lifted prices. This came on top of a 0.8% gain in Q1, and the average ended 3.7% above its level of a year earlier, when it stood at USD 246/MT. Q3 reversed some of the change, with the price at USD 252/MT.
Quarterly Corn-Based DDGS Price Trends
Corn-Based DDGS prices rose through 2025 and the first half of 2026 before easing in the third quarter in all four markets. The global average moved from USD 220/MT in Q1 2025 to 222 in Q2, 225 in Q3 and 227 in Q4, then 229 in Q1 2026, 231 in Q2 and 228 in Q3, a net gain of roughly 3.6% across the window. Higher corn prices and steady demand from feed mills lifted prices for five quarters, and larger corn supplies caused a decline in the third quarter.
| Quarter | Price (USD/MT) | QoQ Change | Direction |
| Q3 2026 | 228 | -1.3% | ↓ Falling |
| Q2 2026 | 231 | +0.9% | ↑ Rising |
| Q1 2026 | 229 | +0.9% | ↑ Rising |
| Q4 2025 | 227 | +0.9% | ↑ Rising |
| Q3 2025 | 225 | - | - Stable |
| Q4 2026 | In Progress | - | - In Progress |
What was Corn-Based DDGS Price in 2025?
2025 was a year of gradual increases for corn-based DDGS, with prices rising in each quarter in all four markets. Starting near USD 220/MT in Q1, the global average finished the year at 227 in Q4, a gain of about 3.2%. Higher corn prices and steady demand from feed mills supported ethanol plants throughout the year.
Corn-Based DDGS Prices in United States in 2025
In the United States, prices moved from about USD 196/MT in Q1 2025 to USD 204/MT by Q4, up roughly 4.1%. American prices rose gradually as corn prices and demand from feedlots increased. Since the 2025 close of USD 204/MT, the price in the United States has moved up 0.5%, reaching USD 205/MT in Q3 2026.
Corn-Based DDGS Prices in Canada in 2025
In Canada, prices moved from about USD 209/MT in Q1 2025 to USD 217/MT by Q4, up roughly 3.8%. Canadian prices rose gradually as rail costs and demand from dairy farms increased. At USD 218/MT in Q3 2026, Canada stands 0.5% above its Q4 2025 close. The same regional pattern is carried into the quarterly analysis above, where the quarter-by-quarter figures can be traced.
Corn-Based DDGS Prices in Vietnam in 2025
In Vietnam, prices moved from about USD 230/MT in Q1 2025 to USD 237/MT by Q4, up roughly 3.0%. Vietnamese prices rose gradually as the freight costs and demand from pig farms increased. The Q4 2025 close of USD 237/MT compares with USD 238/MT in Q3 2026, a 0.4% increase. The quarterly sections above show how the annual average developed over the year.
Corn-Based DDGS Prices in China in 2025
In China, prices moved from about USD 244/MT in Q1 2025 to USD 251/MT by Q4, up roughly 2.9%. Chinese prices rose gradually as import costs and demand from feed mills increased. Relative to the end of 2025, the price in China is 0.4% higher at USD 252/MT. The quarterly breakdown above allows each stage of that path to be traced.
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Frequently Asked Questions About This Report
Cattle, dairy, pig and poultry feed.
In Q3 2026, it averaged USD 205/MT in the United States, USD 218/MT in Canada, USD 238/MT in Vietnam, and USD 252/MT in China. China was the priciest market.
The global average went from USD 227/MT in Q4 2025 to 229 in Q1, 231 in Q2 and 228 in Q3, up 0.4% overall. Gradual increases through 2025 and early 2026 gave way to a decline in the third quarter.
Larger corn supplies and steady ethanol output led plants to lower offers.
We expect a global average somewhere in the USD 220-235/MT range. Steady ethanol output limits prices, leaving a flat to slightly lower range.
China sits at the top and the United States at the bottom. China pays the most on import costs and trade rules, while the United States sits lowest on high ethanol output.
Monthly. Need something more current? The Expert Market Research team is available directly.
Corn prices, ethanol output, protein content and export demand drive the volatility.
The United States, Canada, China and the European Union lead production of DDGS.
Agree contracts with plants, check protein and fat content and diversify between origins.
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