MD_DA771 DA MD DA771 Whey Protein Concentrate - Central and West MADISON, WI. July 13, 2017 (REPORT 28) WHEY PROTEIN CONCENTRATE 34% - CENTRAL AND WEST Whey protein concentrate 34% prices contracted on both the range and mostly price series. Although manufacturers making WPC34% that meet the tight requirements for some markets have been able to maintain prices for the most part, pressures within the whey protein complex have chipped away at premiums. In addition, WPC34% buyers at the lower end of the market are still able to find deals for NDM and WPC80% that can be interchanged with WPC34% in some recipes. Demand for WPC34% is mixed. Demand is weak for interchangeable WPC34%, but somewhat captive for those end users that cannot reformulate. The market tone for WPC34% remains relatively uncertain. WPC34% production is steady and stocks vary by manufacturer and type of WPC34% made. According to the NASS Dairy Products report U.S. production of WPC (25.0-49.9% protein) during May 2017 totaled 14.7 million pounds, 1.0 percent lower than one year ago, and 11.0 percent lower than April. Year to date total WPC (25.0-49.9% protein) production through May is 75.7 million pounds, 0.9 percent less than January through May one year ago. Manufacturers' end-of-month stocks for WPC (25.0-49.9% protein) totaled 24.8 million pounds, 1.0 percent lower than one year ago, but 0.1 percent more than April 2017. F.O.B. EXTRA GRADE 34% PROTEIN: .7500 - 1.1850 MOSTLY: .8300 - .9550 U.S. WPC < 80% Exports, H.S. Code 0404100500(FAS) 2017 Exports % Change From (Million Lb.) 1 Year Ago May Total 21.8 - 24 TOTAL, JAN - MAY 125.6 + 10 1 China 61.8 + 28 2 Mexico 17.6 + 16 3 Canada 13.1 + 7 4 Philippines 6.5 + 130 5 Indonesia 3.8 - 31 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