MD_DA771 DA MD DA771 Whey Protein Concentrate - Central and West MADISON, WI. May 11, 2017 (REPORT 19) WHEY PROTEIN CONCENTRATE 34% - CENTRAL AND WEST Whey protein concentrate 34% prices weakened at the bottom of the range and both ends of the mostly price series this week. Industry contacts report production is steady, but WPC34% that is interchangeable with other protein sources is hard to move and inventories have grown somewhat. The top of the price range in this split market, however, held steady as a few manufacturers have completed a limited number of spot sales at premium prices. These manufacturers report tight inventories and continued strong demand as buyers seek out additional loads of WPC34% that meet tight specifications or are highly desired brands. According to the NASS Dairy Products report U.S. production of WPC (25.0-49.9% protein) during March 2017 totaled 15.9 million pounds, 0.7% lower than one year ago, but 16.6% higher than February. Year to date total WPC (25.0-49.9% protein) production through March is 44.5 million pounds, 5.9% less than January through March one year ago. Manufacturers' end-of-month stocks for WPC (25.0-49.9% protein) totaled 23.3 million pounds, 20.5% lower than one year ago, but 7.1% more than February 2017. F.O.B. EXTRA GRADE 34% PROTEIN: .7500 - 1.2350 MOSTLY: .8200 - .9900 U.S. WPC < 80% Exports, H.S. Code 0404100500(FAS) 2017 Exports % Change From (Million Lb.) 1 Year Ago March Total 25.2 + 40 TOTAL, JAN - MAR 80.5 + 42 1 China 40.0 + 87 2 Mexico 10.7 + 59 3 Canada 8.4 + 16 4 Philippines 4.3 + 148 5 Indonesia 2.7 + 33 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