MD_DA751 DA MD DA751 Casein - National MADISON, WI. February 26, 2015 (REPORT 8) CASEIN - NATIONAL Prices for rennet and acid casein are unchanged this week. The market remains fairly quiet with a majority of the supplies moving under contract transactions. The expectation of lower than anticipated dairy supplies coming out of New Zealand and Europe has some buyers and end users reevaluating their market strategies. Negotiations are ongoing for Q2 with some reports of prices firming over the past few weeks. The firming SMP market supports the casein's steady to firm undertone. According to FAS, total 2014 U.S. imports of casein declined 8%, compared to 2013. 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 2014 U.S. Casein Imports (USDA-FAS) (Million Lb.) % Change From 1 Year Ago Dec. Total 11.5 - 44 Total, Jan. - Dec. 168.4 - 8 1. New Zealand 62.8 - 6 2. Netherlands 35.4 + 16 3. Ireland 16.1 + 2 4. India 13.1 - 21 5. Uruguay 11.0 + 162 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