MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  September 21, 2017 (REPORT 38)                     

CASEIN - NATIONAL  

Prices for rennet casein weakened but acid is steady. Lower rennet casein 
pricing at the September 19 GDT event for all contract periods reflects 
what is being noted by some manufacturers as to the current weakness in 
rennet casein pricing. Acid casein pricing tends to move separately from 
rennet and most current production is made for contracts. Some observers 
believe that stronger seasonal milk production in Oceania is impacting 
market expectations and especially impacting rennet casein pricing.                                              
                                                                 
                                                                 
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:                         2.7500 - 2.9000                  
ACID:                           3.5000 - 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