MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  March 03, 2016 (REPORT 9)                          

CASEIN - NATIONAL                                                
                       
Casein pricing weakened at the bottom of the price ranges. This 
reflects a global trend that has been developing for several 
weeks, especially in EU markets. Although GDT contracts showed 
increases for event 159 on March 1, EU lower range pricing is 
already below GDT levels. Manufacturers of rennet casein in the 
EU are not believed to be sold out, even factoring in contract 
commitments. There is limited spot market demand for the 
inventories not needed for contracts. Acid casein is similar. 
Some EU manufacturers with flexible production are reducing 
casein production in preference for other products. Increasing 
commentary is heard that Ireland milk production is expected to 
move higher than year ago levels as the flush develops. Ireland 
has significant casein producing capacity as one way to handle 
milk intakes, so this unknown also weighs over markets.                                          
                                                                 
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:                         2.2200 - 3.3500                  
ACID:                           2.3600 - 3.5000                  



1100C eric.graf@ams.usda.gov  608-557-7005
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