MD_DA770                                                                        
DA                                                                              
MD DA770 Lactose - Central and West                                             

MADISON, WI.  February 05, 2015 (REPORT 5)                                      

LACTOSE - CENTRAL AND WEST                                                      
                                                                                
The lactose range is unchanged to lower, and the mostly series is 
unchanged on a weak market. Inventories vary from plant to plant, but 
manufacturers at several locations indicate they have uncommitted 
lactose loads available. Progress in finalizing Q1 - Q2 contracts is 
mixed. Some end users are shopping the FOB spot and reseller markets 
to fulfill immediate needs and finding adequate supplies through those 
sources. Conversely, some international buyers continue to add volumes 
to Q1 contracts already in place with manufacturers. Shipping delays 
off the west coast have added a week or more of travel time onto loads 
destined for the Far East. Lactose production is active, following the 
cheese production trend. The January 2015 Dairy Market News average of 
the mostly price series for Central and West lactose was $0.3210, 
compared to $0.5952 one year ago.     

DAIRY PRODUCTS:  NASS's Dairy Products report shows US HUMAN and 
ANIMAL LACTOSE production during December 2014 totaled 91.6 million 
pounds, a 1.1% decrease from one year ago.  Cumulative 2014 lactose 
production totals 1.161 billion pounds, an 11.7% increase from 2013.  
Month ending stocks, at 131.6 million pounds, are 18.7% higher than 
one year ago.  

Including spot sales and up to 3 month contracts.                               
F.O.B. EDIBLE, NON PHARMACEUTICAL   .1900 - .4400    MOSTLY:   .2500 - .3700    

1100CT Janet.Linder@ams.usda.gov 608.278.4157
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-home