MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  July 20, 2017 (REPORT 29)                          

CASEIN - NATIONAL    

Rennet casein prices are steady to slightly higher. Acid casein prices are 
steady. This year through May, the EU is leading New Zealand in caseinate 
exports, 47,101 MT compared with 38,181 MT. Year to date EU exports are 
5.8 percent lower than January-May last year. New Zealand exports of 
caseinates through May are down 14 percent. With expectations of higher 
milk production in coming months, some buyers of casein from New Zealand 
are striving for more favorable pricing in contract discussions. However, 
a number of sellers are not especially motivated to make any significant 
price concessions at this time to finalize contracts.                                         
                                                                 
                                                                 
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