MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  July 27, 2017 (REPORT 30)                          

CASEIN - NATIONAL   

       Rennet and acid casein prices are steady. It is a quiet time of the 
year for dairy product trading in the EU and Oceania. New Zealand exports 
of casein(ates) January through June, are 13.1 percent lower than same 
period last year. 
       Export volumes and primary destinations are shown in the 
following table:

  		New Zealand Casein(ate) Exports
		 Main Three Destinations 
		 January-June 2017 
 
Destination     Quantity(MT)   Percent of Total  
U.S.A.            17,039         36.1 
China              6,352         13.5 
Japan              4,654          9.9

	With milk production in New Zealand typically moving only 
slightly up from seasonal June lows into July, which is believed to be 
the pattern this year, we are nearing August, when milk production 
usually jumps up significantly. New Zealand manufacturers expect the 
same pattern this year and look forward to more extensive activity in 
casein markets in coming weeks.
                                                                                                                                                                          
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