MD_DA770                                                                        
DA                                                                              
MD DA770 Lactose - Central and West                                             

MADISON, WI.  June 18, 2015 (REPORT 24)                                         

LACTOSE - CENTRAL AND WEST                                                      

Lactose price series are mixed, with increases on the range, but decreases 
on the mostly series. Buyers are looking for lower prices on spot offers 
and contracts beginning now and extending through Q3. However, on a weekly 
basis, the overall range shifted slightly higher as all sellers haven't 
acquiesced to these demands. The overall market tone is weak. Progress on 
Q3 contracting is ongoing, with some contracts on the books. A number of 
these completed contracts are early in the process for some manufacturers 
who, in the past, have waited until the last week of a quarter to finalize 
prices and volumes for new contracts. In the current market, though, with 
higher than usual inventories, finding a home for future production 
volumes of lactose is paramount. Lactose production is active, in step 
with manufacturing milk volumes clearing to cheese production. Inventories 
at several locations are above what is needed for near term contract 
fulfillment. 

Including spot sales and up to 3 month contracts.                               
F.O.B. EDIBLE, NON PHARMACEUTICAL   .1750 - .3000    MOSTLY:   .1800 - .2450    

1100CT Janet.Linder@ams.usda.gov (608)557-7003
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: www.marketnews.usda.gov/portal/da