MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  August 17, 2017 (REPORT 33)                        

CASEIN - NATIONAL       

Rennet casein prices are steady to higher. Acid casein prices are steady. In 
New Zealand, recent weeks of rain and flooding have slowed the early milk 
season output. This has left some uncertainty as to the pacing of still 
expected increased milk production, especially as to how that may flow into 
casein during the coming season. Recent price strength is believed to be 
related, in part, to the recent weather setback. At GDT event 194 on August 
15, rennet casein prices for the September contract increased 5 percent and 
the all contracts price increased 2.9 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:                         2.7000 - 2.8500                  
ACID:                           3.4000 - 3.6000                  


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