MD_DA771 DA MD DA771 Whey Protein Concentrate - Central and West MADISON, WI. January 15, 2015 (REPORT 2) WHEY PROTEIN CONCENTRATE - CENTRAL AND WEST The combination of increased spot load availability of whey protein concentrate 34% and advantageous weaker priced alternatives are pressuring WPC 34% prices lower. The market tone is softening. Additional market participants completed 2015 contracts. Generally commitments were reduced going into feed blending, while steady to higher for food application accounts. Production rates are mostly steady. Whey stream decisions for some manufacturers are fluctuating from plant to plant depending on sales between WPC 34% and 80%. Domestic demand varies between end use, ranging from light to moderate. Export interest is light. According to FAS, January-November U.S. WPC less than 80% exports total 204.3 million pounds, 12% below the same time span in 2013. F.O.B. EXTRA GRADE 34% PROTEIN: 1.0000 - 1.3475 MOSTLY: 1.0800 - 1.2975 U.S. WPC < 80% Exports, H.S. Code 0404100500(FAS) 2014 Exports % Change From (Million Lb.) 1 Year Ago November Total 15.2 - 25 TOTAL, JAN - NOV 204.3 - 12 1 China 74.7 N.C. 2 Canada 34.7 + 13 3 Mexico 32.7 - 40 4 Singapore 8.8 + 66 5 Indonesia 8.3 + 42 1100CT Ryan.Studnicka@ams.usda.gov 608-278-4155 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