MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  July 23, 2015 (REPORT 29)                          

CASEIN - NATIONAL                                                
                                                                 
Prices for rennet and acid casein did not change. Manufacturers are 
interested in finalizing Q4 contracts, but buyers are hesitant to 
commit in a downward trending market. Supplies are more than adequate 
to fulfill spot demand. Trading is light as buyers have enough supply 
to cover current needs as they wait for the market to settle. 
Continuing downward trending prices of skim milk powder are 
contributing to the weak market undertone. 

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 Tara.Herbst@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