MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  November 17, 2016 (REPORT 46)                      

CASEIN - NATIONAL                                                

Casein rennet prices are lower to steady. Acid casein prices are 
unchanged. There are mixed views conflicting the markets. Milk production 
is declining in some casein production areas, which causes concern over 
future supplies of casein. Yet current supply and demand are more 
favorable than views of future factors, especially factoring in that most 
current casein needs have already been secured. Whether buyers and/or 
sellers are more focused on today, or the future, seems to have a bearing 
on their pricing perspective and motivation to finalize current 
transactions. GDT Event 176 on November 15 resulted in rennet casein 
prices down 0.2% for the December contract, following a 2.7% decline at 
the prior event.                                                                 
                                                                 
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:                         2.9500 - 3.0500                  
ACID:                           3.0200 - 3.1000                  


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