MD_DA771 DA MD DA771 Whey Protein Concentrate - Central and West MADISON, WI. June 08, 2017 (REPORT 23) WHEY PROTEIN CONCENTRATE 34% - CENTRAL AND WEST Whey protein concentrate 34% prices held steady in a quiet market. Prices are locked in at the top end of the range and mostly price series for WPC34% that meets infant formula requirements, and down to the lower end of the range and mostly prices series for WPC34% that is interchangeable with other protein sources. Production is relatively steady. A few manufacturers mentioned significant volumes of condensed whey being offered into the whey protein complex at discounted prices. At this point, it is unclear what effect the available condensed whey will have on WPC34% production or inventories. Inventories for WPC34% have grown each of the first four months of 2017. WPC34% is generally available except for WPC34% that meets tight specifications and highly sought brands. The May 2017 Dairy Market News average of the mostly price series for Central and West whey protein concentrate 34% was $0.9138 compared to $0.9425 one month ago and $0.6239 one year ago. According to the NASS Dairy Products report U.S. production of WPC (25.0-49.9% protein) during April 2017 totaled 16.5 million pounds, 15.9 percent higher than one year ago, and 3.5 percent higher than February. Year to date total WPC (25.0-49.9% protein) production through April is 61.1 million pounds, 0.7 percent less than January through April one year ago. Manufacturers' end-of-month stocks for WPC (25.0-49.9% protein) totaled 25.1 million pounds, 10.3 percent lower than one year ago, but 7.0 percent more than March 2017. F.O.B. EXTRA GRADE 34% PROTEIN: .7500 - 1.2350 MOSTLY: .8200 - .9950 U.S. WPC < 80% Exports, H.S. Code 0404100500(FAS) 2017 Exports % Change From (Million Lb.) 1 Year Ago April Total 23.3 - 17 TOTAL, JAN - APR 103.8 + 22 1 China 51.5 + 56 2 Mexico 14.0 + 33 3 Canada 10.7 + 11 4 Philippines 6.2 + 176 5 Indonesia 3.3 - 14 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