MD_DA530                                                         
DA                                                               
MD DA530 Dry Whey - Central                                      

MADISON, WI.  December 08, 2016 (REPORT 49)                      

DRY WHEY - CENTRAL                                               

Central whey prices moved slightly higher at the bottom of the price range and at 
both ends of the mostly price series. Some manufacturers report inventories are 
more comfortable than a few months ago. With 2017 contracting ongoing, a few 
processors say they are getting tight on supplies, or at least more committed. 
Production is active and consistent with cheese production. Demand is steady. 
Animal feed whey prices moved high in concert with edible whey. Some end users say 
they are content to work through existing inventories of animal feed, but will buy 
a load here and there if the price is right. The DMN monthly average of the mostly 
price series for Central dry whey during November was $0.3499, compared to $0.3270 
last month. One year ago, the Central dry whey monthly average was $0.2105. The 
monthly average of the range price series for Central animal feed whey during 
November was $0.2820, compared to $0.2553 a month ago and $0.1651 a year ago. 
The NASS Dairy Products report noted U.S. total dry whey production for October 
2016 was 84.1 million pounds, up 9.0 percent from a year ago. January-October U.S. 
total dry whey production totals 804.9 million pounds, 0.1 percent above the same 
time span in 2015. The Central region accounted for 44.7 percent (36.6 million 
pounds) of U.S. human dry whey production in October. This production is 0.1 
percent lower than a year ago. Total U.S. dry whey month ending stocks for October 
were 60.9 million pounds, 6.6 percent above a year ago.


F.O.B. CENTRAL:    .3025 - .4400   MOSTLY:    .3600 - .4025      
F.O.B. CENTRAL: ANIMAL FEED MILK REPLACER:    .2700 - .3725      


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

October Total             43.0           + 55
 
TOTAL, JAN - OCT         342.6            --
 1 China                 116.3           + 29
 2 Canada                 36.0           - 2
 3 Mexico                 31.1           - 24
 4 Vietnam                26.0           + 70
 5 Philippines            24.0           - 15


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