MD_DA540

     Dry Whey - Western U.S.

     Report 3 - Released on January 17, 2019

     Western whey prices stepped higher across both the price range and mostly price series. Some
     industry contacts say Mexican whey demand has returned to an active state, and domestic
     demand is solid. However, some other contacts also caution that this demand can dissipate as
     quickly as it develops. Inventories are healthy and in better balance than they were a few
     months ago. Whey production is active and in congruence with current cheese production. The
     market tone seems cautiously optimistic with firming cash market prices, but market
     participants also see a level of stagnant future prices.
     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:                   .4300 - .5450
     Mostly Range - Non-Hygroscopic; $/LB:                  .4500 - .5000


     Information for the period January 14 - 18, 2019, issued weekly

     Secondary Sourced Information:

     CME Close
     The Extra Grade Dry Whey price at the CME Group on Wednesday closed at $.5250, compared to
     the weekly average price of $.4870 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: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home