MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  February 09, 2017 (REPORT 6)                       

CASEIN - NATIONAL   

Prices for rennet casein weakened at each end of the price range this 
week, as did prices for acid casein. These markets, which were recently 
described as looking for a direction, seem to have decided the direction 
for now is weaker. Many regular casein buyers are already contracted into 
mid-year, some longer. This has left some sellers less able to hold out 
for higher prices when many buyers are not pressured to conclude 
transactions. GDT event 181 on February 7 yielded a rennet casein all 
contracts price decline of 0.4%.
                                                                 
                                                                 
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:                         2.9400 - 3.0100                  
ACID:                           2.9825 - 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