MD_DA530                                                         
DA                                                               
MD DA530 Dry Whey - Central                                      

MADISON, WI.  September 10, 2015 (REPORT 36)                     

DRY WHEY - CENTRAL                                               
                                                                 
Central dry whey prices stepped lower on the mostly price series. F.O.B. 
spot sale activity was active, with buyers nabbing advantageous pricing 
on multi-load orders. These purchases also show an emerging willingness 
of more buyers/end users to take on the risk of building stocks in an 
unsettled market. Buyers are also diligently sorting through numerous 
producers' and second tier offers to lock in prices that, after 
transportation and timing of delivery, offer the best values. The DMN 
monthly average of the mostly price series for Central dry whey during 
August was $0.2462, compared to $0.6569 a year ago. July dry whey (human) 
production in the Central region totaled 39.9 million pounds, 14.2% above 
a year ago. The Central region accounted for 50% of the U.S. production 
in July. The animal feed dry whey series is steady. Feed blenders 
indicate they are actively producing feed blenders, but use of animal 
feed dry whey is being supplanted, to some extent, by competitive offers 
on human food dry whey. The monthly average of the range price series for 
Central animal feed whey during August was $0.2064, compared to $0.5340 a 
year ago. DAIRY PRODUCTS: The NASS Dairy Products Report noted U.S. total 
dry whey production for July was 80.7 million pounds, up 9.8% from a year 
ago. January-July U.S. total dry whey production totals 562.9 million 
pounds, 9.5% ahead of the same time span in 2014. U.S. total dry whey 
month ending stocks for July were 75.8 million pounds, 18.8% higher than 
one year ago. According to FAS, January-July U.S. whey exports total 
258.5 million pounds, 18% below the same time span in 2014. 

F.O.B. CENTRAL:    .1700 - .3050   MOSTLY:    .1800 - .2400      
F.O.B. CENTRAL: ANIMAL FEED MILK REPLACER:    .1700 - .2000      

U.S. Dry Whey Exports. H.S. Code 0404104000(FAS)
                 2015 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

July Total             36.5           - 8

TOTAL, JAN - JULY     258.5           - 18

 1 China               77.4           - 24
 2 Mexico              27.6           - 32
 3 Canada              26.8           + 5
 4 Philippines         21.4           + 44
 5 Malaysia            16.5           - 5

1100CT Janet.Linder@ams.usda.gov 608.557.7003
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home