MD_DA770                                                                        
DA                                                                              
MD DA770 Lactose - Central and West                                             

MADISON, WI.  June 22, 2017 (REPORT 25)                                         

LACTOSE - CENTRAL AND WEST                                                      

A number of lactose industry contacts report the market tone for lactose is 
steady to weaker. Lactose prices reflect this by holding steady for the most 
part, but edging slightly lower at the bottom of the mostly price series. A 
few contacts suggest lower prices and weakening demand from Southeast Asian 
hog markets are putting pressure on lactose manufacturers. Domestic demand is 
generally fair, but solid for a few manufacturers. Production is steady and 
inventories are growing slightly. Some manufacturers say buyers are slow to 
secure Q3 contracts and seem willing to see if prices ease further. At the 
GDT Event 190 on June 20, lactose prices across all contract periods averaged 
$0.3942 per pound, down 11.1 percent.

Including spot sales and up to 3 month contracts.                               
F.O.B. EDIBLE, NON PHARMACEUTICAL   .3200 - .5500    MOSTLY:   .3500 - .4400    


1100CT Mike.Bandli@ams.usda.gov 608.422.8592
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