MD_DA751

     Casein - National Casein Report for U.S. Imports

     Report 3 - Released on January 17, 2019

     Prices for both rennet and acid casein are lower. Growing realization among buyers of more
     casein availability is cited as a big factor leading to lower prices.

      Oceania manufacturers point out that recent casein volumes available for sale have
     increased. That has contributed to weaker pricing. Ireland, a significant source for casein
     in the EU, ended 2018 with strong milk production which reportedly made more milk available
     for casein. November 2018 milk production in Ireland was +23.1 percent from November 2017,
     according to AMI.
     Prices for: Spot Sales And Up to 3 Month Contracts, Free on Board - Warehouse, Non-
     Restricted, All Mesh Sizes, Conventional, and Edible Casein

     Acid; Price Range - $/LB:                    3.0050-3.1100
     Rennet; Price Range - $/LB:                  2.2600-2.5900


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

     Secondary Sourced Information:

     At GDT event 228 on January 15, 2019, the all contracts rennet casein price, $2.2893,
     decreased 1.4 percent. The February contract, $2.2793, decreased 2.3 percent.
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: eric.graf@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