MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  April 13, 2017 (REPORT 15)                         

CASEIN - NATIONAL   

Rennet and acid casein prices are steady this week. Milk production in 
casein producing areas is consistent with expectations, contributing to 
sellers and buyers feeling that stability overhangs the market. With most 
current production already contracted, there is little reason for current 
price movement. February exports of caseinates from New Zealand as 
reported by Eucolait were 21.3% below February last year. That is also 
within previous expectations. Main destinations for exports are: U.S.A., 
31.5%; Mexico, 12.0%; and China, 11.7%.                                             
                                                                 
                                                                 
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:                         2.9000 - 3.2125                  
ACID:                           3.5000 - 3.7000                  


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