MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  March 19, 2015 (REPORT 11)                         

CASEIN - NATIONAL                                                
                                                                 
Acid and rennet casein price series are unchanged.  The market tone is 
steady to weak.  Contracting for second quarter 2015 is taking place with 
some market participants willing to contract lesser volumes, anticipating 
more than adequate spot market supplies in the coming months.  Many 
potential buyers continue to take a wait and see attitude, in hopes of 
possible future price declines.  Supplies are readily available in 
Oceania with expectations of increased availability in Europe as the non-
quota era starts in April.  At the March 17 GDT event 136, the average 
winning price for rennet casein for all contract periods decreased 15.2% 
to $7,507/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