MD_DA540 DA MD DA540 Dry Whey - West MADISON, WI. June 08, 2017 (REPORT 23) DRY WHEY - WEST Prices for Western whey held steady at the bottom of both the range and mostly prices series, but moved slightly lower at the top end of each series. Market participants describe the whey market as soft. Demand is a little lackluster. End users are not very eager to make new purchases until they use up some of their existing whey supplies. Across the U.S., whey inventories have steadily grown for the first four months of 2017. In the West, a few industry contacts say manufacturers' inventories are comfortable or in balance, but others seem to confirm stocks are heavy. Market participants that are holding larger volumes of whey stocks are feeling more pressure from inventory levels and prices. The DMN monthly average of the mostly price series for West dry whey during May was $0.4636 compared to $0.4925 one month ago and $0.2358 a year ago. NASS reports that April 2017 U.S. human dry whey production, 82.6 million pounds, is up 2.8 percent from a year ago, but down 3.1 percent from March 2017. The Western region produced 19.1 million pounds of human dry whey during April, down 7.0 percent from last year, and down 19.5 percent from last month. Month ending stocks for U.S. human dry whey, at 83.0 million pounds, are 0.2 percent higher than one year ago, and up 10.2 percent from March 2017. NONHYGROSCOPIC: .4000 - .5300 MOSTLY: .4200 - .4700 U.S. Dry Whey Exports. H.S. Code 0404104000(FAS) 2017 Exports % Change From (Million Lb.) 1 Year Ago April Total 37.4 + 34 TOTAL, JAN - APR 142.5 + 28 1 China 64.0 + 162 2 Canada 16.1 -- 3 Mexico 12.0 + 5 4 Philippines 9.8 + 14 5 Indonesia 7.0 - 18 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