** Revision - Month corrected

MD_DA540                                                         
DA                                                               
MD DA540 Dry Whey - West                                         

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

DRY WHEY - WEST                                                  

Western whey prices held steady under light trading. Some market 
participants are holding product in anticipation of higher prices. A 
handful of manufacturers are reporting committed stocks. Dry whey 
production is steady to lower. The DMN monthly average of the mostly 
price series for West dry whey during October** was $0.2127 compared 
to $0.2185 one month ago and $0.5991 a year ago. NASS reports that 
September 2015 U.S. human whey production, 76.9 million pounds, is up 
12.4% from a year ago but down 7.3% from August. The Western region 
produced 20.9 million pounds of U.S. edible dry whey during September. 
Western edible dry whey production this September is up 31.4% from 
last year but down 3.0% from August this year. Month ending stocks for 
U.S. human whey, at 77.1 million pounds are 46.6% higher than one year 
ago.

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


NONHYGROSCOPIC:    .2000 - .3100   MOSTLY:    .2000 - .2500      

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