Casein - National
USDA - Thu Nov 09, 10:57AM CST
MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  November 09, 2017 (REPORT 45)                      

CASEIN - NATIONAL    

	Casein prices are weaker, both rennet and acid. Casein markets 
are following a number of other dairy powder markets lower. Buyers are 
now gravitating toward holding back if they can as prices have been 
weakening.
	New Zealand, a significant exporter of casein, had September 
casein exports 10.9 percent lower than September last year according 
to CLAL. Caseinate exports in September were 8.4 percent lower.
       At GDT Event 199 on November 7, the rennet casein all contracts 
price, $2.4789, decreased 4.0 percent. The December contract, $2.5501, 
decreased 4.8 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:                         2.4150 - 2.7000                  
ACID:                           3.2500 - 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