MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  April 27, 2017 (REPORT 17)                         

CASEIN - NATIONAL   

Rennet casein prices very slightly firmed, while acid casein prices are 
steady. Preliminary information suggests that casein production in 
Argentina has slowed in early 2017. Argentina has been a source of acid 
casein although certainly not among the major sources. That has 
contributed to keeping pressure on acid casein pricing. Rennet casein 
being more viewed as a commodity market type product, has been fluctuating 
more quickly in response to various factors. Two recent cyclones in New 
Zealand are perceived as likely to reduce milk production for the end of 
the current production season ending in May. This may somewhat reduce milk 
available for near term casein production in New Zealand, a significant 
source of casein. Current price movement in rennet casein markets is 
believed to reflect some of this concern.                                        
                                                                 
                                                                 
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 - 3.0000                  
ACID:                           3.5000 - 3.6500                  

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