MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  March 17, 2016 (REPORT 11)                         

CASEIN - NATIONAL                                                
  
Rennet and acid casein prices are weaker at the upper end of the price 
range. This continuation of weakening prices is indicative of inventories 
being very adequate for current demand. Many buyers either have contracted 
for needs, or feel confident that product is readily available on spot 
markets when needed. In GDT event 160 this week, no transactions occurred 
for contract period 1. This is viewed by a number of manufacturers as 
indicating buyer disinclination to enter markets for near future needs. 
Early spring milk production increases in Ireland, which has significant 
casein producing capacity, has some buyers expecting renewed casein output 
soon being available, further weighing on prices.                                                          
                                                                 
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 - 2.9000                  
ACID:                           2.3600 - 3.0500                  



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