MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  April 16, 2015 (REPORT 15)                         

CASEIN - NATIONAL                                                
                                                                 
Casein prices are mixed with acid casein decreasing on the low end of the 
range on spot sales activity, while rennet casein held unchanged.  
Numerous off-spec loads of acid casein have been offered at significantly 
discounted prices in recent weeks which have contributed to price 
declines for on-spec loads.  Demand is weak as buyers are confident the 
more than adequate global supply situation will continue, allowing them 
to bid needed spot loads and negotiate Q3 contracts at lower price 
levels.  The market undertone is weak.  At the April 15 GDT event 138, 
the average winning price for rennet casein for all contract periods 
decreased 0.6% to $6,949/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:                         3.3500 - 3.8000                  
ACID:                           3.3500 - 4.1000                  

1100CT Rick.whipp@ams.usda.gov 608.557.7004
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