MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  February 05, 2015 (REPORT 5)                       

CASEIN - NATIONAL                                                
                                                                 
Casein prices for both rennet and acid held steady in light trading.  The 
market is unsettled as casein production is likely to decline in Oceania 
and Europe, due to declines in milk production.  Supplies are more than 
adequate globally with buyers more inclined to cover their immediate 
needs on the spot market, rather than build inventories.  U.S. buyers are 
finding lower priced offerings coming from Europe.  Negotiations for Q2 
supplies are ongoing with potential buyers seeking price concessions, 
compared to current contract levels.  At the February 3 GDT event 133, 
the average price for rennet casein for all contract periods increased 
7.7% to $8,776/MT.
 
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:                           3.7000 - 4.4000                  

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