MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  June 15, 2017 (REPORT 24)                          

CASEIN - NATIONAL    

       Casein prices are stable this week. Manufacturers are moving toward 
fulfilling second quarter contracts. Contracting for the third quarter is 
mostly completed. Some buyers are contracted through the end of the year.
       Eucolait reports that a European casein manufacturer has advised 
that a truckload of casein produced June 5, 2017, was stolen by people 
using a fake business name with a Belgium address, then loaded onto other 
trucks and likely sent to other European locations. The manufacturer 
advises buyers to be wary of casein offers that seem suspicious. 
       New Zealand exports of casein(ates) January-April this year are down 
14.7 percent from one year earlier according to Eucolait. Main 
destinations are USA, 33.7 percent; China, 12.7 percent; and Japan, 11.0 
percent. US imports of casein(ates) January-April are 1.8 percent below 
one year earlier. Main origins are New Zealand, 48.3 percent; Netherlands, 
14.7 percent; and Poland, 6.8 percent.

                                                                 
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:                         2.9500 - 3.1000                  
ACID:                           3.4000 - 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