MD_DA530                                                         
DA                                                               
MD DA530 Dry Whey - Central                                      

MADISON, WI.  January 22, 2015 (REPORT 3)                        

DRY WHEY - CENTRAL                                               
                                                                 
Dry whey prices were mostly steady with the exception of a decrease on the 
top of the mostly prices series due to lower spot trading and weaker index 
pricing. End users note increasing offers at flat or below market. The 
undertone is softening as some buyers are bearish on whey moving forward 
and feel whey is currently overvalued. Production rates are steady to 
slightly higher. Buyer interest domestically is light and many end users 
are working off inventories on hand. Export orders picked up this week, 
but are noted below year ago levels. Supplies are steady to growing. 
ANIMAL FEED WHEY prices are slightly lower on the top of the range on 
reduced index pricing. Spot activity was lighter this week, which some 
contribute to the numerous opportunities available in the animal feed 
marketplace.

F.O.B. CENTRAL:    .4000 - .6275   MOSTLY:    .5000 - .5500      
F.O.B. CENTRAL: ANIMAL FEED MILK REPLACER:    .3500 - .5150      


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