MD_DA540                                                         
DA                                                               
MD DA540 Dry Whey - West                                         

MADISON, WI.  March 12, 2015 (REPORT 10)                         

DRY WHEY - WEST                                                  
                                                                 
Dry whey is plentiful in the West.  Because many buyers either have 
an adequate inventory cushion, or sense lower pricing on the near 
horizon, they are resistant to paying above their price target 
maximums which in many instances, are lower prices than sellers will 
presently accept.  Some manufacturers are slightly lowering recent 
asking prices in an attempt to reduce holdings, but not by enough to 
attract a number of potential buyers.  Manufacturers are also 
notifying contract buyers that additional loads are available if 
desired.  Increasing volumes of whey are also moving into export as a 
step to balance inventories, due to the challenge of making domestic 
sales.  Overall the market tone is weaker in the sense that whey 
sellers would like to sell is not moving to buyers who have an 
interest in buying, due to each being a bit dug in when pricing is 
discussed.  Thus, the current market is relatively undefined by 
completed spot transactions.  That has led to Western dry whey prices 
being unchanged this week.  Contract deliveries are moving on 
schedule.

NONHYGROSCOPIC:    .3800 - .5325   MOSTLY:    .4200 - .4700      


1100CT eric.graf@ams.usda.gov 
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