MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  July 16, 2015 (REPORT 28)                          

CASEIN - NATIONAL                                                
                                                                 
Prices for rennet and acid casein were unchanged. Most buyers have their 
near term needs covered.  Negotiations are ongoing for Q4, but progress 
is slow. Production in Europe remains active, reflecting the mostly 
steady milk production trend in major dairy regions. Casein supplies in 
the southern hemisphere are trending lower. The downward trends in nonfat 
dry milk and skim milk powder prices have contributed to the weak 
undertone in the casein market. The strong US dollar, compared to the 
euro, is keeping European casein competitively priced with other global 
suppliers. At the July 15 GDT event 144, the average winning price for 
rennet casein for all contract periods decreased 8.0% to $5,430/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:                         2.9000 - 3.5000                  
ACID:                           2.8000 - 3.7000                  

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