MD_DA540                                                         
DA                                                               
MD DA540 Dry Whey - West                                         

MADISON, WI.  May 11, 2017 (REPORT 19)                           

DRY WHEY - WEST                                                  

Western whey prices are steady to lower as the bottom of the range and the 
top of the mostly price series fell. According to a few industry contacts, 
demand has been relatively good and steady. However, demand has not been 
able to keep pace with the growth of inventories at some manufacturers' 
facilities. Contacts say offers from processors are increasing. In 
addition, market participants report there is much more price competition 
in some markets. NASS reports that March 2017 U.S. human dry whey production, 
86.5 million pounds, is up 6.7% from a year ago, and up 13.8% from February 
2017. The Western region produced 23.8 million pounds of human dry whey 
during March, up 17.3% from last year, and up 23.9% from last month. Month 
ending stocks for U.S. human dry whey, at 76.4 million pounds, are 3.1% 
higher than one year ago, and up 10.7% from February 2017.

NONHYGROSCOPIC:    .4000 - .5400   MOSTLY:    .4200 - .5100      

U.S. Dry Whey Exports. H.S. Code 0404104000(FAS)
                 2017 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

March Total              38.2           + 61
 
TOTAL, JAN - MAR        105.1           + 27
 1 China                 46.9           + 146
 2 Canada                12.6           + 7
 3 Mexico                 9.8           + 16
 4 Indonesia              5.9           + 3
 5 Philippines            5.4           - 15

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