MD_DA540 DA MD DA540 Dry Whey - West MADISON, WI. March 09, 2017 (REPORT 10) DRY WHEY - WEST Western whey prices decreased at the bottom of both the range and mostly price series. Production is steady, but demand is trending lower. Mexican buyers are not as active as they were earlier this winter, but buyers from Southeast Asia are providing relatively steady demand. Inventories have grown somewhat. Some manufacturers have dry whey stocks that they are eager to move before spring flush. They have sold some loads of dry whey at lower prices. Other processors report they are seeing some stability in the market and feel any price adjustment is unnecessary. The DMN monthly average of the mostly price series for West dry whey during February was $0.4938 compared to $0.4606 one month ago and $0.2500 a year ago. NASS reports that January 2017 U.S. human dry whey production, 79.8 million pounds, is down 0.8% from a year ago, but up 4.0% from December 2016. The Western region produced 18.3 million pounds of edible dry whey during January, down 15.9% from last year, but up 8.6% from December. Month ending stocks for U.S. human dry whey, at 66.4 million pounds, are 18.9% lower than one year ago, but up 4.1% from December 2016. NONHYGROSCOPIC: .4300 - .5700 MOSTLY: .4500 - .5300 U.S. Dry Whey Exports. H.S. Code 0404104000(FAS) 2016 Exports % Change From (Million Lb.) 1 Year Ago TOTAL, JANUARY 34.0 + 15 1 China 13.1 + 95 2 Canada 3.9 - 6 3 Mexico 3.4 + 5 4 Philippines 1.9 - 29 5 Japan 1.8 - 37 1100CT Mike.Bandli@ams.usda.gov 608.422.8592 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