MD_DA560

     Dry Whey - Eastern U.S.

     Report 49 - Released on December 05, 2019

     Whey powder prices are steady to higher on the price range in the East region. A few
     manufacturers continue to offer additional loads on top of their customers’ regular orders,
     however these spot loads are priced higher than variable contract prices. Some market
     participants relay current contracts are keeping their dry whey needs filled. Many dairy
     contacts are in the process of negotiating 2020 agreements. On various market exchanges, dry
     whey spot prices are moving upward. Market conditions are showing signs of strength as
     prices are shifting. The November 2019 Dairy Market News monthly average for Northeast dry
     whey was $0.3352 compared to $0.3502 one month ago.
     Prices for: Eastern U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Dry Whey
     Price Range - Non-Hygroscopic; $/LB:                   .3075 - .4000


     Information for the period December 2 - 6, 2019, issued weekly

     Secondary Sourced Information:

     The November 2019 dry whey extra grade monthly average price, at the CME Group, is $0.3109
     compared to $0.3004 the previous month.

     Dairy Products Report – Whey Summary
     Released December 4, 2019, 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
                           Oct       Sept        Oct        Oct     Sept
     Region               2018       2019       2019       2018     2019
     United States      82,222     89,602     88,820        8.0     -0.9

      Atlantic          20,621     22,024     20,776        0.8     -5.7

      Central           32,467     37,979     36,519       12.5     -3.8
       Wisconsin        23,125     24,380     23,789        2.9     -2.4

      West              29,134     29,599     31,525        8.2      6.5

     Dry Whey – Cumulative Production January - October
                   Cumulative Production (1000 pounds)  Percent Change from
     Dry Whey             2018                  2019               2018
     Total1            852,545               818,302               -4.0
     Human2            837,433               804,980               -3.9
     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
                           Oct      Sept         Oct        Oct     Sept
     Dry Whey             2018      2019        2019       2018     2019
     Human              73,179    80,066      76,554        4.6     -4.4
     Animal              1,145     2,621       1,504       31.4    -42.6
     Total              74,324    82,687      78,058        5.0     -5.6
     3. Stocks held by manufacturers at all points and in transit.

     Published by:
     Dairy Market News - Madison, WI
     JESSICA MUELLER, 608-422-8589
     Email: jessica.mueller@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