MD_DA540

     Dry Whey - Western U.S.

     Report 11 - Released on March 14, 2019

     Western whey prices moved lower. While industry contacts say domestic demand is generally
     steady, international demand has waned. Some industry contacts say buyers in Southeast Asia
     and Mexico have plenty of whey on hand and are only interested in bargains. Inventories are
     building somewhat. Whey production is steady and expected to climb as the spring flush works
     its way north. Some domestic shoppers continue to take advantage of whey made available
     through the CME.
     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 - .4850
     Mostly Range - Non-Hygroscopic; $/LB:                  .3500 - .4525


     Information for the period March 11 - 15, 2019, issued weekly

     Secondary Sourced Information:

     CME Close
     The Extra Grade Dry Whey price at the CME Group on Wednesday closed at $.3325, compared to
     the weekly average price of $.3485 from last week.

     U.S. Dry Whey Exports. H.S. Code 0404104000(FAS)
                      2018 Exports      % Change From
                      (Million Lb.)       1 Year Ago
     DECEMBER Total           28.8           - 36

     TOTAL, JAN ± DEC        481.5           + 2
      1 China                178.2           - 17
      2 Japan                 34.5           + 32
      3 Vietnam               34.1           + 105
      4 Mexico                33.8           + ---
      5 Philippines           33.7           + 15
     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 (My Market News): https://mymarketnews.ams.usda.gov/