MD_DA530                                                         
DA                                                               
MD DA530 Dry Whey - Central                                      

MADISON, WI.  January 08, 2015 (REPORT 1)                        

DRY WHEY - CENTRAL

Dry whey prices are mostly lower on moderate spot activity and new index 
adjustments. Some buyers were able to secure heavily discounted loads in the 
spot market. New contracts are generally steady to lower on index pricing 
with reduced volumes being committed. The market tone is softening. End users 
note supplies are becoming more available. Some purchasers are working 
current inventories lower, prior to taking a new position. Production rates 
are steady to higher following strong cheese production. Supplies are steady 
to growing. ANIMAL FEED WHEY prices are slightly lower on the top of the 
range. Spot activity was light this week. Buyer interest is also light. The 
DMN monthly average of the mostly price series for Central dry whey during 
December was $0.5701, compared to $0.5552 a year ago. The monthly average of 
the range price series for Central animal feed whey during December was 
$0.4526, compared to $0.4693 a year ago. The NASS Dairy Products Report noted 
U.S. total dry whey production for November was 70.1 million pounds, down 
0.2% from last month and 5.5% lower than a year ago. January-November U.S. 
total dry whey production totals 795.2 million pounds, 9.3% behind the same 
time span in 2013. U.S. total dry whey month ending stocks for November was 
63.0 million pounds, 15.4% higher than a month ago and 6.6% more than last 
year. November dry whey (human) production in the Central region totaled 32.6 
million pounds, 2.0% more than last month and 2.8% higher than a year ago. 
The Central region accounted for 47% of the U.S. production in November. 
Cumulative 2014 Central dry whey (human) production totals 371.0 million 
pounds, 10% behind the same time span in 2013.                                                              

F.O.B. CENTRAL:    .4000 - .6275   MOSTLY:    .5000 - .5800      
F.O.B. CENTRAL: ANIMAL FEED MILK REPLACER:    .3500 - .5400      


1100CT Ryan.Studnicka@ams.usda.gov  608-278-4155
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-home