MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  July 14, 2016 (REPORT 28)                          

CASEIN - NATIONAL 

Casein prices are up slightly. Rennet casein prices 
are up at each end of the price range while acid 
casein prices are up at the bottom of the range. With 
no GDT event this week, there have been no significant 
price signals aside from some individual trading 
information. The EU and New Zealand are major 
exporters of casein. There are contrary trends as to 
volumes. EU casein exports January-April this year 
increased 49.7% from the same period last year, 
according to Eucolait. This has led to some tightening 
of current stock availability. New Zealand exports 
January-May decreased 7.2% from the same period of 
2015. The United States is the largest export 
destination for New Zealand casein, receiving 33.4% of 
exports. As for the EU, the U.S. is the second largest 
export destination, with 15.6%. The largest volumes 
moving to the U.S from EU nations are from 
Netherlands, 9.9% of total U.S. casein imports, and 
Ireland, 9.0%. January-May U.S. casein imports are 
8.6% below the same period of 2015.                                          
                                                                 
                                                                 
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:                         2.6000 - 2.8500                  
ACID:                           2.6500 - 2.9000                   


1100CT eric.graf@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-home