MD_DA540 DA MD DA540 Dry Whey - West MADISON, WI. March 10, 2016 (REPORT 10) DRY WHEY - WEST Western whey prices are mostly steady. The top end of the price range edged back slightly with light spot sales activity. The market tone is mixed. Many manufacturers note a level of stability in prices that has been present for a number of months. In addition, a few processors have committed inventories and have been able to clear out stocks over the last few months. However, demand is currently a little lighter and inventories are building back somewhat. Some end users are choosing to burn through inventories as opposed to seeking out new purchases. Dry whey production is steady to lower. The DMN monthly average of the mostly price series for West dry whey during February was $0.2500 compared to $0.2426 one month ago and $0.4513 a year ago. NASS reports that January 2016 U.S. human whey production, 80.1 million pounds, is up 7.3% from a year ago, but down 13.5% from December 2015. The Western region produced 21.7 million pounds of edible dry whey during January, up 20.2% from last year, but down 30.7% from December. Month ending stocks for U.S. human whey, at 81.5 million pounds, are 31.3% higher than one year ago and 15.6% higher than December 2015. NONHYGROSCOPIC: .2300 - .3050 MOSTLY: .2300 - .2700 U.S. Dry Whey Exports. H.S. Code 0404104000(FAS) 2016 Exports % Change From (Million Lb.) 1 Year Ago January Total 29.6 - 1 TOTAL, JAN 29.6 - 1 1 China 6.7 - 32 2 Canada 4.1 + 20 3 Mexico 3.2 - 26 4 Japan 2.9 + 222 5 Philippines 2.6 + 41 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