MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  January 15, 2015 (REPORT 2)                        

CASEIN - NATIONAL                                                
                                                                 
Prices for both rennet and acid casein were unchanged this week.  The 
significantly lower prices for Q1 casein, compared to 2014 levels, have 
prompted some buyers to take a wait and see attitude prior to entering 
future contract commitments.  Spot sales activity is fairly light with 
pricing at the low end of both ranges.  Supplies are readily available 
with sellers willing to negotiate price if a sale seems imminent.  Global 
production has increased as whole milk powder production has declined.  
The market has a weak undertone.                                                                
 
SPOT SALES AND UP TO 3 MONTH CONTRACTS.  PRICES ARE F.O.B.,      
U.S. WAREHOUSE FOR EDIBLE NONRESTRICTED AND VARY ACCORDING       
TO MESH SIZE AND QUALITY.                                        
                                                                 
RENNET:                         3.6500 - 4.0000                  
ACID:                           3.8000 - 4.4000                  

2014 U.S. Casein Imports (USDA-FAS)

                  (Million Lb.)       % Change From    
                                      1 Year Ago      

Nov. Total           11.6               -  17          

Total, Jan. - Nov.  156.9               -   3

1.	New Zealand    58.0               +   3
2.	Netherlands    34.6               +  31
3.	Ireland        15.0               +  10
4.	India          11.9               -  24
5.	Uruguay        10.7               + 173

1100CT rick.whipp@ams.usda.gov 608.278.4151
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal:
http://www.marketnews.usda.gov/mnp/da-home