MD_DA540                                                         
DA                                                               
MD DA540 Dry Whey - West                                         

MADISON, WI.  December 10, 2015 (REPORT 49)                      

DRY WHEY - WEST                                                  

Western dry whey prices held steady this week on limited spot market 
activity. Manufacturers report they are focusing their activities on 
Q1 contracting. Whey production is steady. A number of industry 
contacts say their whey inventories are more comfortable than earlier 
in the year. The DMN monthly average of the mostly price series for 
West dry whey during November was $0.2308 compared to $0.2127 one 
month ago and $0.5869 a year ago. NASS reports that October 2015 U.S. 
human whey production, 74.1 million pounds, is up 10.2% from a year 
ago, but down 4.0% from September. The Western region produced 17.5 
million pounds of edible dry whey during October, up 9.5% from last 
year, but down 16.3% from September this year. Month ending stocks for 
U.S. human whey, at 58.4 million pounds are 4.2% higher than one year 
ago.

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

October Total             26.7           - 34

TOTAL, JAN - OCT         340.6           - 21
 1 China                  90.6           - 36
 2 Mexico                 40.7           - 27
 3 Canada                 36.6           + 1
 4 Philippines            28.3           + 37
 5 Japan                  22.6           - 22

NONHYGROSCOPIC:    .2100 - .3100   MOSTLY:    .2200 - .2550      

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