MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  March 10, 2016 (REPORT 10)                         

CASEIN - NATIONAL                                                
    
Both rennet and acid casein prices weakened this week at the upper end of 
the price range. More of current production is headed to contract 
fulfillment than not. Many regular users have contracted for supplies, 
leaving spot market interest very subdued. With price weakness prevailing, 
buyers are in no rush to complete transactions, putting downward price 
pressure on higher range prices. A wary watch is being kept on Ireland 
spring milk production, as that could impact production of new volumes of 
casein because Ireland has casein producing capacity that can handle volumes 
of milk beyond current production.
                                                             
                                                                 
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 - 3.0500                  
ACID:                           2.3600 - 3.2000                  


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