MD_DA530                                                         
DA                                                               
MD DA530 Dry Whey - Central                                      

MADISON, WI.  January 15, 2015 (REPORT 2)                        

DRY WHEY - CENTRAL                                               
                                                                 
Buyers are indicating offerings are increasing. Many end users are sitting 
on the sidelines with adequate supplies on hand and in anticipation of 
lower pricing ahead. However, some purchasers placed orders, which were 
generally at a discount. The market tone is weakening as market 
participants note declining prices in the CME Group Whey Futures market. 
Drying schedules are mostly steady this week. Domestic interest is light 
to moderate. Export demand is limited as U.S. prices are uncompetitive 
against international markets.  ANIMAL FEED WHEY prices are lower on the 
top of the range due to weaker index pricing. Some suppliers were cleaning 
out supplies at discounted rates this week. According to FAS, January-
November U.S. whey exports total 471.3 million pounds, 2% below the same 
time span in 2013. 

F.O.B. CENTRAL:    .4000 - .6275   MOSTLY:    .5000 - .5700      
F.O.B. CENTRAL: ANIMAL FEED MILK REPLACER:    .3500 - .5200      


U.S. Dry Whey Exports. H.S. Code 0404104000(FAS)
                 2014 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

November Total           36.7        - 17

 
TOTAL, JAN - NOV        471.3        - 2

 1 China                153.1        - 3
 2 Mexico                59.5        + 48
 3 Canada                39.9        - 9
 4 Japan                 31.0        - 12   
 5 Malaysia              27.4        + 25


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