MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  July 1, 2015 (REPORT 26)                          

CASEIN - NATIONAL                                                
                                                                 
Acid and rennet casein trading for Q3 moved price ranges significantly 
lower.  Price ranges are relatively wide, reflecting the downward 
trending market as contracts are being negotiated and finalized.  
Supplies are readily available in the EU, while tightening in Oceania as 
milk production has declined to seasonally low levels.  Oceania 
manufacturers are negotiating new season orders for Q4 and beyond.  US 
buyers of both types of casein continue to be cautious in their purchases 
primarily covering their near term needs, knowing global supplies are 
readily available.

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:                         2.9000 - 3.5000                  
ACID:                           2.8000 - 3.7000                  

1430CT 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