MD_DA771 DA MD DA771 Whey Protein Concentrate - Central and West MADISON, WI. March 10, 2016 (REPORT 10) WHEY PROTEIN CONCENTRATE - CENTRAL AND WEST Whey protein concentrate 34% prices are steady with light spot sales activity. The recent momentum gained by higher protein concentrations has not translated back to WPC34%. Market pressures from other protein sources, such as skim milk powder and nonfat dry milk, continue to make it difficult for the WPC34% market to gain strength. That said, a few manufacturers report tight inventories, and some end users say certain brands or characteristic profiles of WPC34% are getting harder to find. Production is generally steady, however some manufacturers are still opting to take advantage of the higher per unit protein values of other whey derivatives. The February 2016 Dairy Market News average of the mostly price series for Central and West whey protein concentrate 34% was $0.5750 compared to $0.5445 one month ago and $1.0970 one year ago. NASS reports U.S. production of WPC (25.0-49.9% protein) during January 2016 totaled 15.0 million pounds, 37.1% lower than one year ago. Manufacturers' end-of-month stocks totaled 28.1 million pounds, 12.0% lower than one year ago, but 5.4% more than December 2015. F.O.B. EXTRA GRADE 34% PROTEIN: .5400 - .7300 MOSTLY: .5400 - .6200 U.S. WPC < 80% Exports, H.S. Code 0404100500(FAS) 2016 Exports % Change From (Million Lb.) 1 Year Ago January Total 19.4 + 47 TOTAL, JAN 19.4 + 47 1 China 7.8 + 142 2 Canada 2.2 - 18 3 Malaysia 2.1 + 742 4 Mexico 2.1 + 4 5 Japan 0.8 - 38 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