MD_DA540

     Dry Whey - Western U.S.

     Report 20 - Released on May 16, 2019

     Western dry whey prices moved higher at the bottom of the range, but declined anywhere else.
     Nationwide, demand for dry whey is unchanged, but the U.S. international market share has
     been declining partly due to trade tariffs imposed by China. In addition, with the ongoing
     African swine fever in that country, there has been a further decrease in the interest for
     dry whey as the hog population is trending down. The market for dry whey is currently
     unsettled, and contacts do not foresee any change to market conditions in the short run. Dry
     whey supplies have been increasing despite a reduction of outputs to offset declining sales.
     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:                   .2925 - .4500
     Mostly Range - Non-Hygroscopic; $/LB:                  .3200 - .4200


     Information for the period May 13 - 17, 2019, issued weekly

     Secondary Sourced Information:

     The Extra Grade Dry Whey price at the CME Group on Wednesday closed at $.3400, compared to
     the weekly average price of $.3475 from last week.


     U.S. Dry Whey Exports. H.S. Code 0404104000(FAS)
                      2019 Exports      % Change From
                      (Million Lb.)       1 Year Ago

     MARCH Total              35.2           - 27

     TOTAL, JAN-MAR           93.4           - 31
      1 China                 31.7           - 38
      2 Vietnam                9.0           + 49
      3 Philippines            7.9           - 27
      4 Mexico                 7.6           - 22
      5 Japan                  6.8           - 29
     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: florence.konegonzalez@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home