MD_DA771 DA MD DA771 Whey Protein Concentrate - Central and West MADISON, WI. October 29, 2015 (REPORT 43) WHEY PROTEIN CONCENTRATE - CENTRAL AND WEST The whey protein concentrate 34% price range narrowed, while the mostly price series held steady this week. Market participants note several views of the market. Some manufacturers report an inherent weakness in the market. Others report more stability. Contacts suggest inventories are heavy across the industry. However, a few processors have been able to reduce inventories and can afford to be more patient in sales negotiations. Buyers seeking WPC 34 with specific characteristics are also finding it more difficult to source product and slightly higher prices. Manufacturers report short term sales are progressing and they are working to establish agreements for December and Q1 2016. Industry contacts suggest a slight increase in buyer inquiries. WPC 34 production is generally stable, however some production is shifting within the whey protein complex. F.O.B. EXTRA GRADE 34% PROTEIN: .4900 - .6800 MOSTLY: .4900 - .5800 Dairy Market News Reporting Changes Proposal Dairy Market News (DMN) is proposing updating the Dairy Market News Working Guidelines. This proposal is the result of an industry comment period. The updates would allow DMN market reports to additionally include information and sales prices reported by individuals and firms functioning as marketing agents selling on the behalf of dairy product manufacturers. The Working Guidelines updates are intended to capture more information on pricing and market conditions and reflect the evolution of the marketing of dairy products. Currently, market pricing information is collected for first sale, f.o.b. producers' plants or warehouses. The changes would be effective starting with Report 1, January 2016. Comment by October 30, 2015 to: DMN@ams.usda.gov Link to current DMN working guidelines: http://www.ams.usda.gov/market-news/individual-dairy-market-news-commodity- reports 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