MD_DA771 DA MD DA771 Whey Protein Concentrate - Central and West MADISON, WI. October 12, 2017 (REPORT 41) WHEY PROTEIN CONCENTRATE 34% - CENTRAL AND WEST Whey protein concentrate 34% prices are unchanged this week. Some industry contacts say WPC34% is hard to move unless it is a favored brand and meets rigid end user specifications. Production is relatively stable, however a few processors are adjusting their production within the weak whey complex to try to find a favorable product mix. WPC34% inventories are comfortable to plentiful and vary according to brand. Industry contacts are hopeful the WPC34% market has found a price floor and will recover soon. However, it is unclear whether current values can hold as a denegation to the price pressures created by other protein sources and a weak whey protein complex. According to the NASS Dairy Products report U.S. production of WPC (25.0- 49.9% protein) during August 2017 totaled 13.8 million pounds, 6.5 percent higher than one year ago, but 7.3 percent lower than July. Year to date total WPC (25.0-49.9% protein) production through August is 120.1 million pounds, up 0.7 from January through August one year ago. Manufacturers' end- of-month stocks for WPC (25.0-49.9% protein) totaled 23.0 million pounds, 3.8 percent lower than one year ago, and 5.2 percent less than July 2017. F.O.B. EXTRA GRADE 34% PROTEIN: .7000 - 1.1000 MOSTLY: .7500 - .8950 U.S. WPC < 80% Exports, H.S. Code 0404100500(FAS) 2017 Exports % Change From (Million Lb.) 1 Year Ago August Total 31.6 + 9 TOTAL, JAN - AUGUST 206.4 + 1 1 China 87.5 - 9 2 Mexico 38.7 + 51 3 Canada 23.4 + 2 4 Philippines 11.4 + 140 5 Indonesia 6.3 - 23 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