MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  May 04, 2017 (REPORT 18)                           

CASEIN - NATIONAL   

Rennet casein prices very slightly firmed. Acid casein prices are stable. 
Skim pricing is weighing on rennet casein, notwithstanding the significant 
increase in GDT Event 187 rennet casein pricing of 22.6% for the June 
contract. Some manufacturers note that the volumes involved with the last 
GDT event were relatively small, minor vis-…-vis the broader market, so 
not representative of overall market activity. Another factor in the GDT 
event, unlike the broader market, was strong participation by Asian buyers 
with motivation to buy this week. Acid casein markets continue to be 
significantly focused on contract fulfillment.                                          
                                                                 
                                                                 
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:                         2.8000 - 3.0500                  
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