Whey Protein Concentrate - Central and West
USDA - Thu Mar 08, 10:40AM CST
MD DA771 Whey Protein Concentrate  - Central and West                   

MADISON, WI.  March 08, 2018 (REPORT 10)                                

WHEY PROTEIN CONCENTRATE 34% - CENTRAL AND WEST                         

Whey protein concentrate 34% prices are mostly unchanged, except for a slight 
increase on the bottom of the price range. WPC34% that meets infant formula 
requirements or tight customer specifications continues to have strong demand, 
tight supplies, and firm prices. A few manufacturers say they are behind on orders, 
but keep getting requests from buyers. However, manufacturers of less specialized 
WPC34%, that which is interchangeable with other protein sources, find continued 
pressure from the mixed rabble of the protein market. Ample supplies of discounted 
higher whey protein concentrations and nonfat dry milk prevent this WPC34% from 
gaining any traction. These processors say demand is weak, prices are low, and 
inventories are abundant for their WPC34%. They also suggest prices may recede 
further unless improvements are felt across the dry dairy protein markets.

The February 2018 Dairy Market News average of the mostly price series for Central 
and West whey protein concentrate 34% was $0.7211, compared to $0.7268 one month 
ago and $0.9905 one year ago.

According to the NASS Dairy Products report U.S. production of WPC (25.0-49.9% 
protein) during January 2018 totaled 16.7 million pounds, 11.2 percent higher than 
one year ago and 8.7 percent higher than December. Manufacturers' end-of-month 
stocks for WPC (25.0-49.9% protein) totaled 25.1 million pounds, 15.5 percent 
higher than one year ago, and 1.2 percent more than December 2017.

F.O.B. EXTRA GRADE 34% PROTEIN:  .6000 - .9400  MOSTLY:  .6400 - .7600  

U.S. WPC < 80% Exports, H.S. Code 0404100500(FAS)
                 2018 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

TOTAL, JAN              34.0          + 16 
 1 China                16.4          +  8
 2 Mexico                4.3          + 15
 3 Canada                3.5          +  7
 4 Indonesia             1.7          + 14
 5 Hong Kong             1.6        +7,210

1100CT mike.bandli@ams.usda.gov 608.422.8592
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-home