MD_DA540                                                         
DA                                                               
MD DA540 Dry Whey - West                                         

MADISON, WI.  February 04, 2016 (REPORT 5)                       

DRY WHEY - WEST                                                  

West whey prices are mixed. Several spot sales pushed the top end of both the 
range and mostly price series slightly higher. However, the bottom of the 
mostly price series gave back a penny on several lower spot sales. The 
overall range of prices has expanded as some buyers seek out whey with 
specific characteristics. Other buyers have backed off a bit and are buying 
on an as needed basis in an effort to reduce their inventories. Dry whey 
production is active and inventories are steady to building. The market tone 
is a little unsettled as some market participants see firming, while others 
are concerned that further price pressure may come from whey production 
located in the Central region and EU. The DMN monthly average of the mostly 
price series for West dry whey during January was $0.2426 compared to $0.2390 
one month ago and $0.4715 a year ago. NASS reports that December 2015 U.S. 
human whey production, 92.2 million pounds, is up 24.2% from a year ago, and 
up 11.1% from November. The Western region produced 31.3 million pounds of 
edible dry whey during December, up 95.2% from last year, and up 37.9% from 
November this year. Month ending stocks for U.S. human whey, at 69.5 million 
pounds, are 11.9% higher than one year ago and 13.0% higher than one month 
ago.

NONHYGROSCOPIC:    .2200 - .3350   MOSTLY:    .2300 - .2700      


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