MD_DA540 Dry Whey - Western U.S. Report 1 - Released on January 07, 2021 The western whey price range and mostly price series both narrowed. Although some of the higher prices from a few weeks ago cleared the market, lower priced deals are not present either. Industry contacts suggest that supplies are very tight. Dry whey manufacturing is below production levels from last year. In addition, contacts report demand is strong and steady from domestic and international markets. In some cases, manufacturers are only able to supply regular contracted customers. The casual shopper is having a tough time finding available dry whey. The market tone for dry whey is firming. DAIRY MARKET NEWS MONTHLY AVERAGES The DMN monthly average of the mostly price series for West dry whey during December was $.4452 compared to $.4074 one month ago and $.3479 a year ago. The West dry whey mostly price series averaged $.3702 for the year of 2020. 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: .4100 - .5200 Mostly Range - Non-Hygroscopic; $/LB: .4500 - .4700 Information for the period January 4 - 8, 2021, issued weekly Secondary Sourced Information: CME CLOSE The Extra Grade Dry Whey price at the CME Group on Wednesday closed at $.4850, compared to the weekly average price of $.4663 from last week. CME GROUP MONTHLY AVERAGES The CME Group monthly average price for dry whey during December was $.4623, compared to $.4257 a month ago and $.3333 a year ago. The CME dry whey price averaged $0.3667 for the year of 2020. DAIRY PRODUCTS REPORT – WHEY SUMMARY Released January 6, 2021, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). Dry Whey (Human) Production – States and United States Monthly Production (1000 pounds) Percent Change from NOV OCT NOV NOV OCT Region 2019 2020 2020 2019 2020 United States 73,920 73,700 69,534 -5.9 -5.7 Atlantic 20,793 21,214 18,987 -8.7 -10.5 Central 35,357 32,473 33,032 -6.6 1.7 Wisconsin 22,443 21,642 22,833 1.7 5.5 West 17,770 20,013 17,515 -1.4 -12.5 Dry Whey – Cumulative Production January - November (1000 pounds) Percent Change from Dry Whey 2019 2020 2020 Total1 897,737 875,835 -2.4 Human2 883,097 860,711 -2.5 1. Excludes all modified dry whey products. 2. Values are calculated from Dairy Products report data. Manufacturers' stocks end of month3 End of month stocks (1000 pounds) Percent Change from NOV OCT NOV NOV OCT Dry Whey 2019 2020 2020 2019 2020 Human 77,988 67,065 66,387 -14.9 -1.0 Animal 1,063 998 872 -18.0 -12.6 Total 79,051 68,063 67,259 -14.9 -1.2 3. Stocks held by manufacturers at all points and in transit. 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