MD_DA540                                                         
DA                                                               
MD DA540 Dry Whey - West                                         

MADISON, WI.  August 06, 2015 (REPORT 31)                        

DRY WHEY - WEST                                                  

An increase in spot market activity and willingness of manufacturers to sell 
at lower prices helped push West whey prices lower. There is significant 
price competition between regions and in international markets. Inventories 
are long. Manufacturers want to clear some stocks prior to the end of the 
fiscal year. Meanwhile, buyers are willing to wait on lower prices. The 
market tone for whey continues to be weak. The DMN monthly average of the 
mostly price series for West Dry Whey during July was $0.3936 compared to 
$0.4164 one month ago and $0.6655 a year ago. NASS reports that June 2015 
U.S. human whey production, 79.4 million pounds, is up 1.4% from a year ago 
and up 0.3% from May. The Western region produced 17.4 million pounds of U.S. 
edible dry whey during June, down 16.3% from last year but up 6.6% from May 
this year. Month ending stocks for U.S. human whey, at 70.8 million pounds is 
15.2% higher than one year ago.

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

June Total              38.6           - 10

TOTAL, JAN - JUNE     222.0           - 20
 1 China               67.3           - 23
 2 Canada              23.6           + 6
 3 Mexico              23.2           - 32
 4 Philippines         18.1           + 34
 5 Indonesia           13.0           + 40

NONHYGROSCOPIC:    .2550 - .3825   MOSTLY:    .3000 - .3500      

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