MD_DA540

     Dry Whey - Western U.S.

     Report 37 - Released on September 12, 2019

     Western whey prices are unchanged. Industry observers say the market is slow outside of
     contracts. End users seem content to take shipments or buy only as needed. While contracted
     sales have been able to keep whey stockpiles in check, there is an underlying concern that
     inventories may grow unless new market opportunities develop. The news of confirmed cases of
     African swine fever in the Philippines and ongoing trade issues suggest the troubles for
     whey producers may continue. In addition, some contacts think manufacturers may be shifting
     production from higher whey protein concentrates to dry whey production. As a result, they
     expect more downward price pressures across the whey protein complex.
     Prices for: Western U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Dry Whey
     Price Range - Non-Hygroscopic; $/LB:                   .3325 - .4200
     Mostly Range - Non-Hygroscopic; $/LB:                  .3375 - .3900


     Information for the period September 9 - 13, 2019, issued weekly

     Secondary Sourced Information:

     CME Close
     The Extra Grade Dry Whey price at the CME Group on Wednesday closed at $.3900, compared to
     the weekly average price of $.3925 from last week.
     Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592
     Email: mike.bandli@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov