MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  March 16, 2017 (REPORT 11)                         

CASEIN - NATIONAL  

Rennet casein prices weakened at the top of the price range this week. 
Acid casein prices slightly firmed at the top. European manufacturers of 
rennet casein are a bit less insistent on holding high end prices in the 
face of the weakness of prices for a number of other dry dairy products.  
However, acid casein demand remains strong. With much contracting already 
completed into later 2017, buyers still seeking commitments face price 
pressures to secure the smaller and smaller volumes still not already 
committed by manufacturers. At GDT event 183 on March 7, the all contracts 
price for rennet casein, $2.5755, was 6.6% 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:                         2.7500 - 3.1000                  
ACID:                           3.4500 - 3.7500                  


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