MD_DA540 DA MD DA540 Dry Whey - West MADISON, WI. October 12, 2017 (REPORT 41) DRY WHEY - WEST Western whey prices stepped lower amid continued pressure throughout the whey protein complex. Only the bottom of the mostly price series is unchanged. Demand is mixed. Some say domestic and Mexican demand has remained solid, while others suggest a cooling interest from buyers. Industry contacts report inventories are heavy. There is a fear this could be further exacerbated as some manufacturers opt out of the sloppy isolate and concentrate markets and make more sweet whey powder instead. NASS reports that August 2017 U.S. human dry whey production, 94.7 million pounds, is up 27.0 percent from a year ago, but down 4.1 percent from July 2017. The Western region produced 30.1 million pounds of human dry whey during August, up 66.6 percent from last year, but down 7.1 percent from last month. Month ending stocks for U.S. human dry whey, at 97.1 million pounds, are 68.6 percent higher than one year ago, and up 2.1 percent from July 2017. NONHYGROSCOPIC: .3100 - .4200 MOSTLY: .3400 - .3900 U.S. Dry Whey Exports. H.S. Code 0404104000(FAS) 2017 Exports % Change From (Million Lb.) 1 Year Ago August Total 40.2 - 10 TOTAL, JAN - AUGUST 298.2 + 12 1 China 140.3 + 62 2 Canada 30.0 - 3 3 Philippines 22.8 + 28 4 Mexico 20.9 - 17 5 Japan 16.6 + 4 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