MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  March 02, 2017 (REPORT 9)                          

CASEIN - NATIONAL  

Rennet casein prices increased at the top of the range. Acid casein prices 
increased at each end of the price range. Continuing lower milk production 
in New Zealand, which is a major global supplier of acid casein, is a 
concern with buyers. Volumes already contracted through Q3 of 2017 have 
left slimmer supplies available for buyers who have not yet secured 
contract commitments. These buyers are now facing higher prices to gain 
commitments to purchase acid casein in a very tight market. Recently 
released information reports that New Zealand exports of casein(ates) 
during January, 2017, declined 23.3% from January 2016, according to 
Eucolait. January 2017 exports are also lower than January 2015. At GDT 
event 182 on February 21, the all contracts price for rennet casein, 
$2.7828, was 5.8% lower than the previous 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:                         2.8500 - 3.0500                  
ACID:                           3.2000 - 3.3500                  


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