MD_DA530                                                         
DA                                                               
MD DA530 Dry Whey - Central                                      

MADISON, WI.  November 05, 2015 (REPORT 44)                      

DRY WHEY - CENTRAL                                               
                                                                 
Prices for Central dry whey shifted higher on the bottom of the range 
series and the top of the mostly series. The market undertone is mixed as 
some manufacturers indicate their inventories are in balance with upcoming 
contract needs. Other manufacturers have stocks available to fill spot 
demand through the end of the year. Domestic demand for human food dry 
whey is steady into food and feed accounts. An increase in export interest 
is noted from some processors for mid to late November. Several 
manufacturers are focusing on finalizing 2016 contracts, with offers 
carrying premiums to various market bases. Acceptance of these initial 
offers is characterized as slow. Dry whey production is steady at most 
locations for the week. September dry whey (human) production in the 
Central region totaled 34.9 million pounds, 9.7% above a year ago. The DMN 
monthly average of the mostly price series for Central dry whey during 
October was $0.2045, compared to $0.6105 a year ago. Animal feed dry whey 
prices are steady. Feed blenders report demand for finished feed is active 
from dairy replacement and dairy beef operators. Feed manufacturers have 
ready access to downgraded WPC offers of various protein contents, 
generating a continuous need for dry whey for blending. The monthly 
average of the range price series for Central animal feed whey during 
October was $0.1501, compared to $0.4755 a year ago. 

DAIRY PRODUCTS: The NASS Dairy Products report noted U.S. total dry whey 
production for September was 78.4 million pounds, up 12.5% from a year 
ago. January-September U.S. total dry whey production totals 725.3 million 
pounds, 10.8% ahead of the same time span in 2014. U.S. total dry whey 
month ending stocks for September were 68.9 million pounds, 26.3% higher 
than one year ago. 

F.O.B. CENTRAL:    .1750 - .2800   MOSTLY:    .1900 - .2250      
F.O.B. CENTRAL: ANIMAL FEED MILK REPLACER:    .1425 - .1900      

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

September Total           24.8           - 32

TOTAL, JAN - SEPTEMBER   313.9           - 20
 1 China                  86.2           - 33
 2 Mexico                 36.9           - 27
 3 Canada                 33.6           + 4
 4 Philippines            26.2           + 42
 5 Malaysia               20.9           - 11


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