MD_DA540                                                         
DA                                                               
MD DA540 Dry Whey - West                                         

MADISON, WI.  September 07, 2017 (REPORT 36)                     

DRY WHEY - WEST                                                  

Western whey prices held steady at the top of the price range, but moved 
lower on the bottom of the range and both ends of the mostly prices series. 
Demand is light outside of current contracts and stocks are building. 
Industry contacts suggest buyers are taking a wait and see approach to 
purchases. Buyers are in no rush to purchase whey, knowing whey is readily 
available. The recent NASS Dairy Products report described heavy inventories 
and very active whey production. NASS reports that July 2017 U.S. human dry 
whey production, 97.0 million pounds, is up 21.6 percent from a year ago, and 
up 11.9 percent from June 2017. The Western region produced 32.4 million 
pounds of human dry whey during July, up 56.3 percent from last year, and up 
52.3 percent from last month. Month ending stocks for U.S. human dry whey, at 
95.1 million pounds, are 37.2 percent higher than one year ago, and up 15.0 
percent from June 2017. The DMN monthly average of the mostly price series 
for West dry whey during August was $0.4050 compared to $0.4256 one month ago 
and $0.3020 a year ago.

NONHYGROSCOPIC:    .3350 - .4525   MOSTLY:    .3550 - .4100      


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