Dry Whey - Central
USDA - Thu Mar 08, 11:08AM CST
MD DA530 Dry Whey - Central                                      

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

DRY WHEY - CENTRAL                                               
Central whey spot prices decreased on the range, while the mostly price 
series held steady for two consecutive weeks. Dry whey spot activity 
remained active, as a number of buyers/sellers are finding the low to mid 
$.20 price point adequate. Regional analysts suggest that any price surges, 
with the exception of brand or specification requirements, would be 
difficult to sustain currently, as higher protein blends are dragging the 
entire whey complex down. Situationally, some Midwestern cheese plants have 
been closed for updates, in some cases for up to seven days. Thus a few 
contacts have suggested whey supplies are situationally limited. Chinese 
demand is steady to increasing. Animal feed whey prices are unchanged on a 
slower trading week. The overall dry whey market tone is shaky. As a number 
of Class III producers rely heavily on Southeast Asian exports to maintain 
manageable inventories, potential trade shifts are a primary concern of 
Central region whey producers.    

The DMN monthly average of the mostly price series for Central dry whey during 
February was $0.2382, compared to $0.4684 a year ago. The monthly average of 
the range price series for Central animal feed whey during February was 
$0.1888, compared to $0.4002 a year ago.

The NASS Dairy Products report noted U.S. total dry whey (Human) production for 
January 2018 was 87.2 million pounds, up 9.1 percent from a year ago. The 
Central region produced 42.1 million pounds of U.S. human dry whey production 
in January, 6.9 percent higher than a year ago.

F.O.B. CENTRAL:    .2000 - .3100   MOSTLY:    .2200 - .2500      

U.S. Dry Whey Exports. H.S. Code 0404104000(FAS)
                 2018 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

January  Total           44.1           + 30
TOTAL, JAN               44.1           + 30
 1 China                 16.5           + 26
 2 Japan                  4.3           + 139
 3 Mexico                 3.7           + 10
 4 Canada                 2.8           - 28
 5 Philippines            2.8           + 49

1100CT Israel Weber - Israel.weber@ams.usda.gov (608)422-8601
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-