MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  May 07, 2015 (REPORT 18)                           

CASEIN - NATIONAL                                                
                                                                 
Prices held steady for both acid and rennet casein.  The market undertone 
is weak.  Supplies are building in Europe and readily available in 
Oceania.  Most buyers have covered their near term needs and are willing 
to wait for the market to settle, prior to making additional purchases.  
Negotiations are ongoing for Q3 with prices trending below the current 
market.  At the May 5 GDT event 139, the average winning price for rennet 
casein for all contract periods decreased 11.0% to $6,094/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                  

         2015 U.S. Casein Imports (USDA-FAS)

                  (Million Lb.)       % Change From    
                                      1 Year Ago      
March                13.1               -  40          

Total Jan. - Mar.    36.5               -  34
1	New Zealand    18.6               +  26
2	Netherlands     5.1               -  73
3	Ireland         3.1               + 119
4	Argentina       2.3               -  14
   5  India           2.1               -  57

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