MD_DA770 DA MD DA770 Lactose - Central and West MADISON, WI. January 07, 2016 (REPORT 1) LACTOSE - CENTRAL AND WEST Lactose prices moved slightly higher on the bottom end of the range and mostly price series. Manufacturers report inventories have tightened and this has allowed sellers to be selective in the bids accepted. Processors have pushed some Q1 agreements to the upper end of the range and mostly price series. Production is steady and mostly matched to meet existing commitments. Demand is steady. There are more inquiries, but so far these haven't fully translated into new spot sales. The December 2015 Dairy Market News average of the mostly price series for Central and West lactose was $0.1914, compared to $0.1851 one month ago and $0.3880 one year ago. NASS's Dairy Products report shows U.S. lactose production during November 2015 totaled 81.1 million pounds, a 7.5% decrease from one year ago. Cumulative year to date 2015 lactose production totals 963.8 million pounds, a 7.4% decrease from 2014. Month ending stocks, at 123.7 million pounds, are 0.3% lower than one year ago, and 0.2% lower than one month ago. U.S. Lactose Exports, H.S. Code 1702110000(FAS) 2015 Exports % Change From (Million Lb.) 1 Year Ago November Total 42.5 + 8 TOTAL, JAN - NOV 478.4 + 11 1 China 76.3 + 16 2 New Zealand 65.1 - 11 3 Mexico 60.8 + 27 4 Australia 40.6 + 83 5 Singapore 37.5 + 69 Including spot sales and up to 3 month contracts. F.O.B. EDIBLE, NON PHARMACEUTICAL .1500 - .2650 MOSTLY: .1800 - .2200 1100CT Mike.Bandli@ams.usda.gov (608) 557-7010 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