MD_DA770                                                                        
DA                                                                              
MD DA770 Lactose - Central and West                                             

MADISON, WI.  July 6, 2017 (REPORT 27)                                         

LACTOSE - CENTRAL AND WEST                                                      
                                                                                
Lactose prices were steady this week, as the Fourth of July holiday 
kept spot market activity to a minimum. As lactose prices have edged 
lower in recent weeks, contacts report that producers are hesitant 
about maintaining extra stocks. Quarter 3 expectations are mixed. Some 
contacts suggest Q3 contracting is slow, but others report 
arrangements are still ongoing, and some forecasts are bullish. Demand 
is also mixed, as U.S. and Asian end users are taking a wait-and-see 
approach. However, lactose shipments into Oceania are steady. Lactose 
production remains steady week over week, and inventory reports are 
adequate to slowly building. The lactose market tone is mixed. The 
June 2017 Dairy Market News average of the mostly price series for 
Central and West lactose was $0.3998, compared to $0.4100 one month 
ago and $0.2616 one year ago.

Including spot sales and up to 3 month contracts.                               
F.O.B. EDIBLE, NON PHARMACEUTICAL   .2950 - .5500    MOSTLY:   .3400 - .4400                                              

1100CT Israel.weber@ams.usda.gov 608.422.8601
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