MD_DA771 DA MD DA771 Whey Protein Concentrate - Central and West MADISON, WI. July 07, 2016 (REPORT 27) WHEY PROTEIN CONCENTRATE 34% - CENTRAL AND WEST Whey protein concentrate 34% prices are mostly steady, but inched higher at the bottom of the mostly price series. Demand for some dairy proteins seems to be gaining momentum. Spot sales of specific brands of WPC34% and those which meet infant formula requirements are relatively active. Inventories for these types of WPC34% are comfortable to committed. The market tone for WPC34% that does not meet infant formula requirements is flat. Light demand for these types of WPC34% has kept the lower end of the price range in place. Production is steady, but a few industry contacts describe greater interest in producing WPC80% or isolates if they have the ability to make those adjustments. The June 2016 Dairy Market News average of the mostly price series for Central and West whey protein concentrate 34% was $0.6616 compared to $0.6239 one month ago and $0.8620 one year ago. According to the NASS Dairy Products report U.S. production of WPC (25.0-49.9% protein) during May 2016 totaled 15.3 million pounds, 24.5% lower than one year ago. Year to date WPC (25.0-49.9% protein) production through May is 76.2 million pounds, 20.9% less than a year ago. Manufacturers' end-of-month stocks totaled 26.0 million pounds, 20.5% lower than one year ago, and 7.3% less than April 2016. F.O.B. EXTRA GRADE 34% PROTEIN: .5850 - .7800 MOSTLY: .6650 - .7100 U.S. WPC < 80% Exports, H.S. Code 0404100500(FAS) 2016 Exports % Change From (Million Lb.) 1 Year Ago May Total 28.7 + 37 TOTAL, JAN - MAY 113.4 + 31 1 China 47.0 + 74 2 Mexico 15.4 + 23 3 Canada 12.3 - 23 4 Malaysia 7.6 + 344 5 Indonesia 5.4 + 6 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