MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  June 04, 2015 (REPORT 22)                          

CASEIN - NATIONAL                                                
                                                                 
Acid and rennet casein prices are unchanged.  Market activity is light 
with most buyers having their near term needs covered.  The market 
continues to have a very weak undertone.  Supplies are readily available 
from Oceania, while EU production is active.  Prospective buyers are in 
no hurry to purchase product in a weak market and are happy to take their 
chances on the spot market to fill short term needs.  Negotiations for Q3 
have been slow to develop, but are now in earnest and the frequency of 
finalized agreements is increasing.  At the June 2 GDT event 141, the 
average winning price for rennet casein for all contract periods 
decreased 4.4% to $5,789/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      

April                14.3               -  17          

Total Jan. - Apr.    50.7               -  30
1	New Zealand    27.7               +  38
2	Netherlands     6.2               -  76
3	Ireland         4.7               + 119
4	India           2.8               -  58
   5  Argentina       2.6               -  23

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