MD_DA771 DA MD DA771 Whey Protein Concentrate - Central and West MADISON, WI. February 11, 2016 (REPORT 6) WHEY PROTEIN CONCENTRATE - CENTRAL AND WEST Whey protein concentrate 34% prices are mostly steady to higher on light spot sale activity. A few spot sales moved the top end of the range price series up a penny. Although production schedules are steady at most processors, industry-wide production of WPC34% is lower. A number of manufacturers are choosing to make higher protein concentrations rather than WPC34%. Some manufacturers anticipate a bump in demand once the Chinese New Year passes. A few industry contacts feel WPC34% stocks in China may start reaching age limits and may need to be converted into animal feed. Inquiries have picked up over the last few weeks with brokers actively seeking WPC34%. The resale market has also been more active. Inventories are mixed. Manufacturers of WPC34% used for infant formulas say their stocks are getting tight and will continue to be in that state through the next few quarters. Inventories of WPC34% used in other applications have grown somewhat. F.O.B. EXTRA GRADE 34% PROTEIN: .4700 - .6900 MOSTLY: .5300 - .6100 U.S. WPC < 80% Exports, H.S. Code 0404100500(FAS) 2015 Exports % Change From (Million Lb.) 1 Year Ago December Total 16.5 - 10 TOTAL, JAN - DEC 224.4 + 1 1 China 82.8 + 4 2 Canada 38.6 ... 3 Mexico 30.2 - 17 4 Indonesia 11.9 + 26 5 Philippines 8.8 + 45 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