MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  September 17, 2015 (REPORT 37)                     

CASEIN - NATIONAL                                                

Prices for acid and rennet casein are steady. End users feel that 
some manufacturers are trying to push the bottom of the price range 
up. Spot sales are limited, but are selling at less than contracted 
prices. Some buyers report Q4 contract prices are higher than 
desired. Contract negotiations for Q1 2016 are still underway as 
manufacturers look to increase prices. Domestic demand is steady to 
lower for both acid and rennet casein. Some off spec product is being 
sold at a lower pricing. The Global Dairy Trade at the September 15 
event 148 saw the average price for rennet casein for all contract 
periods increase 0.6% to $5,807/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:                         2.7500 - 3.5000                  
ACID:                           2.8000 - 3.7000                  

1100CT Tara.Herbst@ams.usda.gov 608.557.7007
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal:
http://www.marketnews.usda.gov/mnp/da-home