MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  October 12, 2017 (REPORT 41)                       

CASEIN - NATIONAL            

	Rennet casein prices are steady to lower. Acid casein prices 
weakened slightly at the bottom of the price range. Casein markets 
have been generally calm. 
       January-August New Zealand casein exports, 38,000 MT, declined 
14.4 percent from the same period one year earlier, according to CLAL. 
Caseinate exports during the same time period, 21,000 MT, declined 9.4 
percent.
       New Zealand casein(ate) export volumes and primary destinations 
reported by Eucolait are shown in the following table:
 
  		           New Zealand Casein(ate) Exports
                 	Main Three Destinations 
                 	January-August 2017 
 
Destination       	Quantity(MT)   Percent of Total  
USA               	 20,115           33.9 
China                   7,773           13.1 
Japan                   5,859            9.9	

	At GDT event 197 on October 3, rennet casein for November 
contracts declined 6.1 percent to $2.7057 per pound. The all contracts 
price, $2.7774, is +0.9 percent. The decline in November was a bit 
surprising, but consistent with many of the commodities traded where 
price declines of the magnitude booked were unexpected.
                                    
                                                                 
                                                                 
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:                         2.7050 - 2.8100                  
ACID:                           3.4800 - 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