MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  May 05, 2016 (REPORT 18)                           

CASEIN - NATIONAL  

Casein prices are slightly higher. Both casein rennet and acid prices 
strengthened at each end of the price range. Buyer interest has firmed. 
This week Eucolait reported that New Zealand caseinate exports January-
March 2016, are 4.2% above January-March 2015. New Zealand is a 
significant global exporter. Main destinations and percent of New Zealand 
total caseinate exports are: China, 23.3%; Philippines, 11.5%; and 
Vietnam, 8.4%. At GDT event 163 on May 3, rennet casein was the only 
product with all positive price increases for contract periods where 
contracts were completed. 
                                                                                                                                                                             
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:                         2.3500 - 2.7500                  
ACID:                           2.5000 - 2.8500                  


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