MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  February 23, 2017 (REPORT 8)                       

CASEIN - NATIONAL   

Casein acid and rennet prices weakened. While substantial sales are based 
on Q1 contracts, volumes of spot sales ticked up a bit from recent weeks. 
Inventories are leading demand in some areas, which has led to buyers 
feeling more in position to negotiate from a stronger position. This is 
pressuring prices. At GDT event 182 on February 21, the rennet casein all 
contracts price declined 5.8%.  
                                                                 
                                                                 
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:                         2.8500 - 2.8900                  
ACID:                           2.8800 - 2.9800                  



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