Casein - National
USDA - Thu Mar 08, 11:07AM CST
MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

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

CASEIN - NATIONAL                                                
                                                                                                                     
	Casein markets strengthened. Rennet casein firmed at each end 
of the price range. Acid casein firmed at the bottom of the price 
range. Buyers are currently believed to be slightly more motivated to 
lock in supplies, which helped nudge prices higher this week. Many 
sellers are less willing to yield much as to pricing and enough buyers 
have wanted to close deals to help prices along. 
	Data now available for New Zealand casein exports during 
January 2018, shows volumes down 1.1 percent from January 2017. Casein 
supplies are reported slightly tighter in the region, as the aftermath 
of peak milk production season storms and extreme heat settle in. 
	At GDT event 207 on March 6, the all contracts price of rennet 
casein, $2.3260, increased 2.2 percent. The April contract price, 
$2.4222, increased 8.9 percent.   

SPOT SALES AND UP TO 3 MONTH CONTRACTS.  PRICES ARE F.O.B.,      
U.S. WAREHOUSE FOR EDIBLE NONRESTRICTED AND VARY ACCORDING       
TO MESH SIZE AND QUALITY.  
                               
                                                                 
RENNET:                         2.3275 - 2.4225                  
ACID:                           3.0200 - 3.3500     


1100CT eric.graf@ams.usda.gov  
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