Casein - National
USDA - Thu Feb 07, 10:32AM CST

     Casein - National Casein Report for U.S. Imports

     Report 6 - Released on February 07, 2019

     Rennet and acid casein prices increased. While there is overall price strength in many
     Oceania dairy products, casein led all product percentage increases in this week�s GDT
     event. Buyers are now more determined to close deals as Oceania production is expected to
     slowly decline for the next several months. EU production is hemmed in by recent
     disappointing milk production and by the demand from other dairy products for available
     milk. Buyers who need to have casein, from either Oceania or the EU, are now moving ahead to
     secure supplies.
     Prices for: Spot Sales And Up to 3 Month Contracts, Free on Board - Warehouse, Non-
     Restricted, All Mesh Sizes, Conventional, and Edible Casein

     Acid; Price Range - $/LB:                    3.0525-3.1400
     Rennet; Price Range - $/LB:                  2.5250-2.6125

     Information for the period February 4 - 8, 2019, issued weekly

     Secondary Sourced Information:

     Casein and caseinate exports from the EU January-November 2018 are -14.1 percent compared
     with the same period of 2017, according to Eucolait. Year to date exports through each month
     of 2018 until November have been down from the same period of 2017. However, Ireland, a
     primary casein exporter, is up 17.9 percent in January-November casein exports, according to
     CLAL. The two primary destinations and percent change January-November 2018 compared with
     2017 are in the following table.

     Country             % Change  Quantity MT
     United States       +35.9     11,920
     Mexico              +26.3      6,527

      At GDT event 229 on February 6, 2019, the all contracts rennet casein price, $2.5383,
     increased 10.9 percent. The March contract, $2.5488, increased 11.8 percent.
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590

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