MD_DA540 DA MD DA540 Dry Whey - West MADISON, WI. November 10, 2016 (REPORT 45) DRY WHEY - WEST Western whey prices moved higher at the top of the mostly price series, but are otherwise stable. Some end users note tightness in the whey market and many manufacturers report stocks are highly committed through the end of the year. Production is steady, however some industry contacts suggest that more of the liquid whey is moving into higher protein concentration products. Domestic demand for dry whey is steady, but export demand has been a little quieter as markets react to some volatility in currency markets after the U.S. election. The DMN monthly average of the mostly price series for West dry whey during October was $0.3533 compared to $0.3239 one month ago and $0.2127 a year ago. NASS reports that September 2016 U.S. human whey production, 73.5 million pounds, is down 5.5% from a year ago, and down 0.6% from August 2016. The Western region produced 18.5 million pounds of edible dry whey during September, down 11.5% from last year, but up 2.3% from August. Month ending stocks for U.S. human whey, at 51.7 million pounds, are 26.4% lower than one year ago and down 14.5% from August 2016. NONHYGROSCOPIC: .3400 - .4300 MOSTLY: .3500 - .4000 U.S. Dry Whey Exports. H.S. Code 0404104000(FAS) 2016 Exports % Change From (Million Lb.) 1 Year Ago September Total 33.5 + 36 TOTAL, JAN - SEP 299.6 - 5 1 China 100.2 + 17 2 Canada 33.2 - 1 3 Mexico 28.0 - 24 4 Vietnam 23.1 + 67 5 Philippines 20.0 - 24 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