Dry Whey - Central
USDA - Thu Dec 07, 10:48AM CST
MD DA530 Dry Whey - Central                                      

MADISON, WI.  December 7, 2017 (REPORT 49)                      

DRY WHEY - CENTRAL                                               
Central whey spot prices slipped on both the range and mostly price series. 
As producers try to clear available year-end inventories, offered price 
points of dry whey continue to decline. Spot activity was lively. Contacts 
continue to point out that overall contracting has diminished for 2018. 
Additionally, producers looking to set up 2018 contractual agreements are 
unquestionably more willing to compromise on updating/adapting their 
contractual indexes. Production of dry whey is steady, as discounted milk 
continues to flow into cheese vats and is not expected to slow down in 
December. Inventories of dry whey are available. The dry whey market tone is 
weak. Feed whey spot market prices declined on the bottom of the range. Feed 
whey inventories are available. The DMN monthly average of the mostly price 
series for Central dry whey during November was $0.3067, compared to $0.3499 
a year ago. The monthly average of the range price series for Central animal 
feed whey during November was $0.2305, compared to $0.2820 a year ago. The 
NASS Dairy Products report noted U.S. total dry whey (Human) production for 
October 2017 was 79.1 million pounds, down 3.1 percent from a year ago. 
January-October 2017 U.S. total dry whey production totaled 869.3 million 
pounds, 8.2 percent above the same time span in 2016. The Central region 
produced 38.4 million pounds of U.S. human dry whey production in October, 
4.9 percent higher than a year ago.

F.O.B. CENTRAL:    .2200 - .3450   MOSTLY:    .2700 - .3000      
F.O.B. CENTRAL: ANIMAL FEED MILK REPLACER:    .1500 - .2500      

1100CT 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-