MD_DA540 DA MD DA540 Dry Whey - West MADISON, WI. April 07, 2016 (REPORT 14) DRY WHEY - WEST Western whey prices held steady this week. Dry whey production remains relatively stable and active. Manufacturers say their inventories are a little heavy, but not at the levels that create concerns. In effect, western processors are more apprehensive about whey stocks and production in other regions. Western dry whey is moving in domestic and export markets, but some processors say demand is flat. Industry contacts describe the market tone as becoming weaker in the upcoming months. The DMN monthly average of the mostly price series for West dry whey during March was $0.2491 compared to $0.2500 one month ago and $0.4442 a year ago. NASS reports that February 2016 U.S. human whey production (unadjusted for the extra production day in February 2016), 72.6 million pounds, is down 5.1% from a year ago, and down 9.7% from January 2016. The Western region produced 18.2 million pounds of edible dry whey during February, down 24.2% from last year, and down 16.3% from January. Month ending stocks for U.S. human whey, at 74.2 million pounds, are 20.1% higher than one year ago but 9.4% lower than January 2016. NONHYGROSCOPIC: .2300 - .2800 MOSTLY: .2300 - .2600 U.S. Dry Whey Exports. H.S. Code 0404104000(FAS) 2016 Exports % Change From (Million Lb.) 1 Year Ago February Total 29.5 - 5 TOTAL, JAN - FEB 59.1 - 3 1 China 13.3 - 17 2 Canada 8.1 + 2 3 Mexico 6.1 - 25 4 Japan 5.5 + 14 5 Philippines 4.3 - 28 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