MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  September 28, 2017 (REPORT 39)                     

CASEIN - NATIONAL   

       Rennet casein prices weakened. Acid casein is steady. Little spot 
market activity is occurring compared with contracted volumes. Most 
contracts through this year have been finalized, with some contracting 
into 2018 also completed.
       Eucolait reports that New Zealand caseinate exports January-August, 
59,271 MT, are 12.7 percent lower than the same period of 2016. CLAL 
breaks out casein from caseinates, with January-August casein reporting a 
14.4 percent decline. The main destinations for New Zealand caseinate 
exports through August according to Eucolait are:

Destination       	Quantity(MT)   Percent of Total  
USA                  20,115                33.9
China                 7,773                13.1
Japan                 5,859                 9.9

       At GDT event 196 on September 19, rennet casein for the October 
contract declined 4.8 percent and -2.4 percent for the all contracts 
price.                                         
                                                                 
                                                                 
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:                         2.7100 - 2.8800                  
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