Whey Protein Concentrate - Central and West
USDA - Thu Nov 09, 10:57AM CST
MD DA771 Whey Protein Concentrate  - Central and West                   

MADISON, WI.  November 9, 2017 (REPORT 45)                             

WHEY PROTEIN CONCENTRATE 34% - CENTRAL AND WEST                         

Prices for whey protein concentrate 34% moved lower across both the range and 
mostly price series. A few buyers bought several blocks of WPC34%, taking 
advantage of some manufacturers' desires to clear inventories. While stocks are 
not as overloaded as some other whey protein products, buyers suggest WPC34% is 
generally readily available. Suppliers are getting pushed into making lower 
value whey commodities in order to keep whey proteins moving. Demand and price 
pressures abound from discounted nonfat dry milk and higher whey protein 
concentrates. Manufacturers who make WPC34% meeting infant formula 
specifications, however, say their stocks are quite tight. They also suggest 
demand may surge if economies across Asia, especially China, improve. The 
October 2017 Dairy Market News average of the mostly price series for Central and 
West whey protein concentrate 34% was $0.8063, compared to $0.8231 one month ago 
and $0.7706 one year ago. According to the NASS Dairy Products report U.S. 
production of WPC (25.0-49.9% protein) during September 2017 totaled 14.3 million 
pounds, 7.3 percent higher than one year ago, and 5.9 percent higher than August. 
Year to date total WPC (25.0-49.9% protein) production through September is 134.0 
million pounds, up 1.1 from January through September one year ago. Manufacturers' 
end-of-month stocks for WPC (25.0-49.9% protein) totaled 23.1 million pounds, 11.9 
percent higher than one year ago, and 1.0 percent more than August 2017.

F.O.B. EXTRA GRADE 34% PROTEIN:  .6900 - .9550  MOSTLY:  .7100 - .8400  

U.S. WPC < 80% Exports, H.S. Code 0404100500(FAS)
                 2017 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

September Total         21.8          - 27 

TOTAL, JAN - SEP       228.2          - 3
 1 China                93.4          - 14
 2 Mexico               44.4          + 43
 3 Canada               26.4          - 1
 4 Philippines          12.2          + 66
 5 Indonesia             7.1          - 20

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