MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  October 13, 2016 (REPORT 41)                       

CASEIN - NATIONAL   

Rennet casein prices adjusted up very slightly at the bottom of the 
price range, but remained stable at the top. Acid casein prices are 
unchanged. Many buyers report tight supplies when seeking casein 
contract commitments looking forward, which is primarily what buyers 
are focused on. Little current spot market activity is occurring. Even 
with tight supplies, recent price increases have buyers wary of 
getting too far ahead of higher price levels until there is greater 
assurance that prices will hold. This has been a week of a number of 
market participants stepping back to evaluate the markets.                                             
                                                                 
                                                                 
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:                         3.1200 - 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