Dry Whey - West
USDA - Thu Jan 10, 10:33AM CST

     Dry Whey - Western U.S.

     Report 2 - Released on January 10, 2019

     Western sales of dry whey are increasing this week, along with the increase in prices.
     Chinese purchasers are still careful when buying U.S. dry whey as they await to see what
     happens with trade agreements between the two countries. Contractual volumes of dry whey are
     moving on planned schedules, but spot trades are facing the hurdle of limited supplies.
     Inventories seem balanced to a little tighter for current demand. F.O.B. prices for dry whey
     moved up at the bottom of the range and on both ends of the mostly price series. Altogether,
     the market undertone is strengthening, and industry participants are eager to see if this
     will be sustainable in the long run. The DMN monthly average of the mostly price series for
     West dry whey during December was $0.4456 compared to $0.4530 one month ago and $0.2878 a
     year ago.
     Prices for: Western U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Dry Whey
     Price Range - Non-Hygroscopic; $/LB:                   .4000 - .5350
     Mostly Range - Non-Hygroscopic; $/LB:                  .4350 - .4900

     Information for the period January 7 - 11, 2019, issued weekly

     Secondary Sourced Information:

     The Extra Grade Dry Whey price at the CME Group on Wednesday closed at $.4875, compared to
     the weekly average price of $.4850 from last week.

     The CME Group monthly average price for dry whey during December was $.4595, compared to
     $.4331 a month ago.
     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: Florence.KoneGonzalez@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home