MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  May 19, 2016 (REPORT 20)                           

CASEIN - NATIONAL                                                

Casein prices are mixed. Both casein rennet and acid prices decreased on 
the lower end of the price range, but increased slightly on the upper end 
of the price range. This may be reflective of manufacturers seeking to 
clear inventories in the near term, but anticipating decreases in casein 
production as New Zealand milk production declines through the next few 
months. At GDT event 164 on May 17, rennet casein had price decreases for 
June and July contract periods, but price increases for August contracts. 
The casein rennet price increased 0.3% over all contracts.

                                                                 
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:                         2.1700 - 2.7575                  
ACID:                           2.3075 - 2.8575                  


1100CT Mike.Bandli@ams.usda.gov (608) 557-7010
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-
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