MD_DA540

     Dry Whey - Western U.S.

     Report 9 - Released on February 28, 2019

     The western whey price range contracted, while the mostly price series slid lower. Industry
     contacts say production has picked up and inventories are more robust. Whey continues to
     move well through contracts and demand is present, but buyers are not always willing to pay
     prices offered by manufacturers without some discount. Contacts express lingering concerns
     regarding trade issues between the U.S. and major trade partners. Furthermore, expansion of
     the African swine fever has heightened processors' fears that demand for dry whey and dairy
     carbohydrates could continue to be suppressed in some markets.
     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:                   .2975 - .5150
     Mostly Range - Non-Hygroscopic; $/LB:                  .3800 - .4550


     Information for the period February 25 -  March 1, 2019, issued weekly

     Secondary Sourced Information:

     CME Close
     The Extra Grade Dry Whey price at the CME Group on Wednesday closed at $.3600, compared to
     the weekly average price of $.3538 from last week.
     Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592
     Email: mike.bandli@ams.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 (MyMarketNews): https://mymarketnews.ams.usda.gov/
     DMN Database Portal: https://www.marketnews.usda.gov/mnp/da-home