MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  October 06, 2016 (REPORT 40)                       

CASEIN - NATIONAL    

Rennet casein and acid casein prices are unchanged this week, 
following several weeks of increases. With very low spot market 
activity, many participants are stepping back to assess the holding 
ability of current pricing. It is estimated that EU casein production 
for 2016 will slightly increase over 2015 volumes, with about one half 
expected to be exported and the balance consumed within the EU. At GDT 
event 173 on October 4, rennet casein contracts for October yielded 
price increases of 0.7%, while the all contracts average price 
decrease was 3.7%.                                                                                    
                                                                 
                                                                 
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:                         3.1150 - 3.1325                  
ACID:                           3.1300 - 3.1500                  




1100CT eric.graf@ams.usda.gov 
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