MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  July 06, 2017 (REPORT 27)                          

CASEIN - NATIONAL    

       Rennet casein prices are steady to lower. Observers believe rennet, 
as a commodity type product, has been impacted by overall weaker prices at 
the July 4 GDT event. Acid casein prices are steady. New Zealand milk 
production is near a seasonal low point and many markets are quiet.
       New Zealand exports of casein(ates) January-May are down 14 percent  
from the same period in 2016. However, the United States is the top export 
destination, receiving 34.9 percent of New Zealand exports.                                                                                                                                                                 
                                                                 
                                                                   
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:                         2.7000 - 2.8500                  
ACID:                           3.4000 - 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