MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  February 02, 2017 (REPORT 5)                       

CASEIN - NATIONAL                                                
                                                                 
                                                                 
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.   

Casein prices for both acid and rennet are steady this week. A Euopeaan 
dealer characterized current casein markets as looking for a direction and 
having limited near term upside potential. Beyond the near term, there is 
uncertainty as to future price movement in heavily forward contracted 
casein markets. Longer term buyers are assessing the ability of EU 
production capacity to provide casein in the second and third quarter that 
is not already contracted. There is also increasing uncertainty as to the 
potential to finalize future commitments from manufacturers in New 
Zealand, Argentina, Belarus or India, due either to lower milk supplies or 
other production priorities.                                   
                                                                 
RENNET:                         3.0150 - 3.0600                  
ACID:                           3.0525 - 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