MD_DA771 DA MD DA771 Whey Protein Concentrate - Central and West MADISON, WI. March 09, 2017 (REPORT 10) WHEY PROTEIN CONCENTRATE 34% - CENTRAL AND WEST The price range for whey protein concentrate 34% widened, but the mostly price series is unchanged. Production is steady. Manufacturers report customers that are dependent on WPC34% in their recipes and require tight specifications are willing to pay premiums to assure coverage. Producers who make WPC34% that meets those tight specifications report very limited inventories, many inquiries, and a few spot sales at the top of the price range. However, WPC34% that is interchangeable with other protein sources is coming under considerable pricing pressure from lower cost nonfat dry milk. Manufacturers who make this type of WPC34% are finding it more difficult to hold prices and make sales. The January 2017 Dairy Market News average of the mostly price series for Central and West whey protein concentrate 34% was $0.9905 compared to $0.9318 one month ago and $0.5750 one year ago. According to the NASS Dairy Products report U.S. production of WPC (25.0-49.9% protein) during January 2017 totaled 15.0 million pounds, 0.4% lower than one year ago, but 3.2% higher than December. Manufacturers' end-of-month stocks for WPC (25.0-49.9% protein) totaled 19.3 million pounds, 31.3% lower than one year ago, but 0.8% more than December 2016. F.O.B. EXTRA GRADE 34% PROTEIN: .8300 - 1.2350 MOSTLY: .9000 - 1.0650 U.S. WPC < 80% Exports, H.S. Code 0404100500(FAS) 2016 Exports % Change From (Million Lb.) 1 Year Ago TOTAL, JANUARY 29.4 + 51 1 China 15.2 + 94 2 Mexico 3.7 + 77 3 Canada 3.3 + 46 4 Indonesia 1.5 + 155 5 Vietnam 1.1 + 54 1100CT Mike.Bandli@ams.usda.gov 608.422.8592 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