MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  August 18, 2016 (REPORT 33)                        

CASEIN - NATIONAL                                                
                                                                 
 
Rennet and acid casein prices increased this week. A factor affecting 
pricing is forecasts of less casein production in New Zealand during 
months ahead. The higher casein contract pricing during GDT Event 170 was 
an indicator of this factor. With the EU moving into seasonally lower milk 
production, expectations are for lower casein production there as well. 
Negotiations are underway for quarter 1 2017 casein contracts and pricing 
under discussion is above current pricing levels for both rennet and acid 
casein.
                                                                
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:                         2.8850 - 2.9200                  
ACID:                           2.9000 - 2.9800                  




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