MD_DA540

     Dry Whey - Western U.S.

     Report 1 - Released on January 03, 2019

     Western whey prices are unchanged at the bottom of the range and top of the mostly price
     series, but higher at the top of the range and bottom of the mostly price series. Industry
     contacts say inventories are comfortably tight and production is steady. Dry whey is moving
     well through existing contracts. While the whey market appears to be supported at the
     moment, some market observers are watching developments in China closely. A few contacts
     suggest Chinese buyers are reluctant to make purchases right now unless the price is right.
     They have bought ahead in efforts to prepare for the Chinese New Year. In addition,
     favorable pricing from EU suppliers is putting pressure on sales and it will be some time
     before the pig population, and ultimately demand for whey, recovers from the effects of
     African swine fever.
     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:                   .3775 - .5350
     Mostly Range - Non-Hygroscopic; $/LB:                  .4325 - .4800


     Information for the period December 31, 2018 -  January 4, 2019, issued weekly

     Secondary Sourced Information:

     CME Close
     The Extra Grade Dry Whey price at the CME Group on Wednesday closed at $.4800, compared to
     the weekly average price of $.4875 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