MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  August 24, 2017 (REPORT 34)                        

CASEIN - NATIONAL   

Casein prices are steady this week. Milk production for the season in New 
Zealand is still being assessed, as typically trending higher months still 
lie ahead. This variable is bearing on some buyers as to how far ahead they 
feel comfortable contracting at this time. Exports of casein(ates) in New 
Zealand, January-June, 46,481 MT, were 13.1 percent below the same period 
last year according to Eucolait.  Main destinations were: U.S.A., 36.1 
percent; China, 13.5 percent; and Japan, 9.9 percent. In the EU for the same 
period, casein(ate) exports, 55,159 MT, were 12.2 percent below year earlier. 
Main destinations were: Thailand, 14.9 percent; U.S.A., 14.5 percent; and 
Mexico, 6.6 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