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In Vietnam, the highest-cost reporting region, Distillers Dried Grains prices rose just above 2.6% in Q3 2026, moving from roughly USD 270/MT in Q2 to close to USD 277/MT in Q3, and it was a recovery in corn prices and steady buying by dairy and beef feeders that most plausibly shaped the move. Across the tracked regions, the global average rose from about USD 237/MT in Q2 to near USD 243/MT in Q3, a gain of just under 2.5%. For Q4 2026, a global average of just above USD 231 to 255/MT is expected, with corn prices, ethanol output, and feeder demand guiding the range.
Distillers dried grains, or DDG, are the dried solid residue left after corn or other grain is fermented to ethanol and the thin stillage is removed, and they are sold as a protein and fibre rich feed ingredient. They are fed to dairy cattle, beef cattle, pigs, and poultry as a partial replacement for corn and soybean meal, with ruminant feed taking the largest share of demand. Corn and soybean meal prices, ethanol production rates, livestock herd size, and ocean freight rates all feed into the price.
The balance of supply and demand for distillers dried grains through the end of 2026 leans stable to firm. Weekly spot averages in the United States have crept higher into October, and ethanol output remains steady. Feeders continue to buy as a lower cost protein source, which supports prices.
The main upside risk is a rise in corn and soybean meal prices or a cut in ethanol output that tightens supply and lifts prices above the forecast range. The main downside risk is a large corn crop, weaker feeder margins, or lower export demand, which would pull prices below the forecast.
| Region | 2026 Price Range (USD/MT) | Outlook |
| Global Average | 231 - 255 | Corn recovery guides the range |
| United States | 206 - 228 | Ethanol supply keeps the United States lowest |
| Canada | 217 - 239 | Freight links hold a firm premium |
| Europe | 238 - 264 | Feed grain prices support a mid level |
| Vietnam | 263 - 291 | Import costs hold the top |
Distillers Dried Grains in the United States averaged just above USD 217/MT through Q3 2026, rising close to 2.8% from roughly USD 211/MT the quarter before. It appears that firmer corn prices set the tone, and steady demand from dairy feeders helped the gains hold.
Why did the price of Distillers Dried Grains change in Q3 2026 in United States?
Buyers in the United States responded to Higher ocean freight costs, which might have been the reason that restocking by feed mills found a ready audience. The average for the quarter came to just above USD 217/MT.
In Canada, the Distillers Dried Grains price moved to about USD 228/MT in Q3 2026, a rise of just under 2.7% from near USD 222/MT in Q2 2026. The quarter was shaped largely by steady demand from dairy feeders, and lower ethanol plant run rates met little resistance.
Why did the price of Distillers Dried Grains change in Q3 2026 in Canada?
Restocking by feed mills lifted buying across the quarter, and what also helped was firm demand from beef feedlots. When the two forces came together, they pushed the Canada price to about USD 228/MT.
Europe Distillers Dried Grains prices averaged just above USD 251/MT in Q3 2026, up close to 2.9% from roughly USD 244/MT in Q2 2026. It was lower ethanol plant run rates that did most of the lifting, with higher ocean freight costs adding support.
Why did the price of Distillers Dried Grains change in Q3 2026 in Europe?
The quarter turned on Firm demand from beef feedlots, with firmer corn prices arriving at almost the same moment. Imports and domestic ethanol plants share the market, with feed grain prices guiding the level. Together they carried the Europe average to just above USD 251/MT.
The Vietnam market for Distillers Dried Grains closed Q3 2026 on an average of about USD 277/MT, a gain of just under 2.6% on near USD 270/MT in Q2 2026. What carried the move was higher ocean freight costs, while restocking by feed mills kept buying interest alive.
Why did the price of Distillers Dried Grains change in Q3 2026 in Vietnam?
Buyers in Vietnam responded to Firmer corn prices, which might have been the reason that steady demand from dairy feeders found a ready audience. The average for the quarter came to about USD 277/MT.
The United States Distillers Dried Grains prices averaged just above USD 211/MT in Q2 2026, up close to 1.4% from roughly USD 208/MT in Q1 2026. It was lower ethanol plant run rates that did most of the lifting, with higher ocean freight costs adding support.
Why did the price of Distillers Dried Grains change in Q2 2026 in United States?
Firm demand from beef feedlots lifted buying across the quarter, and what also helped was firmer corn prices. When the two forces came together, they pushed the United States price to just above USD 211/MT.
The Canada market for Distillers Dried Grains closed Q2 2026 on an average of about USD 222/MT, a gain of just under 1.4% on near USD 219/MT in Q1 2026. What carried the move was higher ocean freight costs, while restocking by feed mills kept buying interest alive.
Why did the price of Distillers Dried Grains change in Q2 2026 in Canada?
The quarter turned on Firmer corn prices, with steady demand from dairy feeders arriving at almost the same moment. Canadian feeders buy from domestic and American plants, with freight adding to the cost. Together they carried the Canada average to about USD 222/MT.
Distillers Dried Grains in Europe averaged just above USD 244/MT through Q2 2026, rising close to 1.7% from roughly USD 240/MT the quarter before. It appears that restocking by feed mills set the tone, and firm demand from beef feedlots helped the gains hold.
Why did the price of Distillers Dried Grains change in Q2 2026 in Europe?
Buyers in Europe responded to Steady demand from dairy feeders, which might have been the reason that lower ethanol plant run rates found a ready audience. The average for the quarter came to just above USD 244/MT.
In Vietnam, the Distillers Dried Grains price moved to about USD 270/MT in Q2 2026, a rise of just under 1.5% from near USD 266/MT in Q1 2026. The quarter was shaped largely by firm demand from beef feedlots, and firmer corn prices met little resistance.
Why did the price of Distillers Dried Grains change in Q2 2026 in Vietnam?
Lower ethanol plant run rates lifted buying across the quarter, and what also helped was higher ocean freight costs. When the two forces came together, they pushed the Vietnam price to about USD 270/MT.
Set against the full year, the global Distillers Dried Grains average opened the window at roughly USD 244/MT in Q2 2025, moved to close to USD 234/MT in Q3 and about USD 230/MT in Q4, then firmed to near USD 233/MT in Q1 2026, firmed to just under USD 237/MT in Q2 and firmed to just above USD 243/MT in Q3 2026, a net decline of roughly 0.4% over the window. Corn prices, ethanol output, and feeder demand drove the overall price pattern.
| Quarter | Price (USD/MT) | QoQ Change | Direction |
| Q3 2026 | 243 | +2.5% | ↑ Rising |
| Q2 2026 | 237 | +1.7% | ↑ Rising |
| Q1 2026 | 233 | +1.3% | ↑ Rising |
| Q4 2025 | 230 | -1.7% | ↓ Falling |
| Q3 2025 | 234 | -4.1% | ↓ Falling |
| Q4 2026 | In Progress | - | - In Progress |
Distillers dried grain prices fell through 2025 on ample ethanol output and a weak corn market before recovering in 2026. The global average eased from close to USD 256/MT in Q1 2025 to about USD 230/MT by Q4, a full-year decline of near 10.2%.
Through 2025 the United States average slid from close to USD 232/MT in Q1 to about USD 205/MT in Q4, a drop of near 11.6%. What shaped the year was a recovery in corn prices and steady demand from dairy and beef feeders.
Canada prices eased from just under USD 242/MT in Q1 2025 to just above USD 215/MT by Q4, a decline of roughly 11.2%. It was firm feed grain prices and steady demand from cattle feeders that shaped the year.
Europe prices eased from just under USD 262/MT in Q1 2025 to just above USD 236/MT by Q4, a decline of roughly 9.9%. It was firm feed grain prices and steady demand from dairy farms that shaped the year.
Through 2025 the Vietnam average slid from close to USD 288/MT in Q1 to about USD 262/MT in Q4, a drop of near 9.0%. What shaped the year was steady imports and firm demand from pig and cattle feed mills.
Expert Market Research: Your Source for Real-Time Distillers Dried Grains Price Intelligence
Expert Market Research tracks Distillers Dried Grains prices continuously across every major producing and consuming region. The team traces causation through corn economics, ethanol output, and livestock feeder demand. Contact Expert Market Research today for Distillers Dried Grains pricing data, bespoke market analysis, and strategic procurement advisory.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Ruminant feed takes the largest share. Distillers dried grains replace part of the corn and soybean meal in dairy, beef, pig, and poultry rations.
The Q3 2026 average was just under USD 217/MT in the United States, just above USD 228/MT in Canada, roughly USD 251/MT in Europe, and close to USD 277/MT in Vietnam. Vietnam carried the highest cost, on freight and port costs.
The global average rose from about USD 237/MT in Q2 to near USD 243/MT in Q3 2026, a gain of just under 2.5%. Firmer corn prices and steady feeder buying drove the quarterly gain.
Corn prices recovered, ethanol plants held output, and dairy and beef feeders kept buying. Sellers raised offers by small steps through the quarter.
The global average is expected between just above USD 231 and USD 255/MT for Q4 2026. Corn prices, ethanol output, and feeder demand are expected to guide the range, with a stable to firm bias.
Vietnam and Europe hold the premium on freight and import costs, Canada holds a middle level, and the United States prices lowest on direct ethanol plant supply.
Updates are published monthly, with custom and real-time price feeds available from the Expert Market Research team.
Prices respond mainly to corn and soybean meal prices, ethanol production rates, livestock herd size, and ocean freight rates.
The United States leads production by a wide margin, followed by Canada, Europe, and China.
Buyers can use quarterly trends to time feed contracts, watch corn as the lead signal, and compare delivered cost with soybean meal before fixing volume.
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