MD_DA530                                                         
DA                                                               
MD DA530 Dry Whey - Central                                      

MADISON, WI.  November 10, 2016 (REPORT 45)                      

DRY WHEY - CENTRAL                                               

Central whey prices are mostly steady, but came up a few cents at the bottom of 
the price range. Manufacturers report whey is moving well through contracts. 
Some suppliers are needing to juggle loads or push back deliveries at times to 
meet contracted obligations. Inventories are a little tighter. Industry 
contacts note manufacturers are making a little less dry whey in favor of 
higher protein concentrations. Although some feed manufacturers report 
contentment to work through inventories or regular contracts, a few whey 
processors say they are getting more inquiries from feed manufacturers. Animal 
feed whey is tighter. Prices for animal feed whey are unchanged for the week. 
The DMN monthly average of the mostly price series for Central dry whey during 
October was $0.3270, compared to $0.3052 last month. One year ago, the Central 
dry whey monthly average was $0.2045. The monthly average of the range price 
series for Central animal feed whey during October was $0.2553, compared to 
$0.2485 a month ago and $0.1501 a year ago. The NASS Dairy Products report 
noted U.S. total dry whey production for September 2016 was 74.5 million 
pounds, down 6.0 percent from a year ago. January-September U.S. total dry whey 
production totals 719.5 million pounds, 1.0 percent below the same time span in 
2015. The Central region accounted for 46.5 percent (34.1 million pounds) of 
U.S. human dry whey production in September. This production is 3.6 percent 
lower than a year ago. Total U.S. dry whey month ending stocks for September 
were 52.9 million pounds, 28.0 percent below a year ago. 

F.O.B. CENTRAL:    .2800 - .4100   MOSTLY:    .3100 - .3800      
F.O.B. CENTRAL: ANIMAL FEED MILK REPLACER:    .2200 - .3200      


U.S. Dry Whey Exports. H.S. Code 0404104000(FAS)
                 2016 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

September Total           33.5           + 36
 
TOTAL, JAN - SEP         299.6           - 5
 1 China                 100.2           + 17
 2 Canada                 33.2           - 1
 3 Mexico                 28.0           - 24
 4 Vietnam                23.1           + 67
 5 Philippines            20.0           - 24

1100CT Mike.bandli@ams.usda.gov  608.557.7010
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