MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  October 19, 2017 (REPORT 42)                       

CASEIN - NATIONAL   

Casein prices weakened, both rennet and acid.   

       A strong acid casein production year in Europe has led to stocks 
rebuilding. Casein prices have weakened as product availability has 
increased in Europe. European acid and rennet casein production is 
believed to have been further nudged up in response to the weakness in 
SMP markets, because some European manufacturers shifted milk out of 
SMP production into casein production, among other options.
       At GDT event 198 on October 17, rennet casein for November 
contracts declined 4.9 percent to $2.6032 per pound. The all contracts 
price, $2.5456, is -8.6 percent from the last trading event.                                          
                                                                                                                                  
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:                         2.4975 - 2.6025                  
ACID:                           3.4600 - 3.5700                  


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