MD_DA770 Lactose - Central and Western U.S. Report 23 - Released on June 04, 2020 Lactose prices stepped higher across both the price range and mostly price series. While manufacturers are earnestly trying to fill Q2 contractual obligations, they are getting regular inquiries from buyers looking for coverage of lactose needs through the end of the year. Quarter 3 contracted prices and volumes are higher than Q2. Spot sales, when loads are available, often come at prices near the top of the price range. Manufacturers report tight inventories. Production has picked up from several months ago, but it mostly helps keep processors on schedule with commitments. DAIRY MARKET NEWS MONTHLY AVERAGES The May 2020 Dairy Market News average of the mostly price series for Central and West lactose was $0.4018, compared to $0.3467 in April, and $.3339 one year ago. Prices for: Central and Western U.S., Spot Sales And Up to 3 Month Contracts, F.O.B., Conventional, and Edible Lactose Price Range - Non Pharmaceutical; $/LB: .3050 - .5400 Mostly Range - Non Pharmaceutical; $/LB: .3750 - .5000 Information for the period June 1 - 5, 2020, issued weekly Secondary Sourced Information: GLOBAL DAIRY TRADE (GDT) EVENT At the GDT Event 261 on June 2 the lactose price for the July contract period was $0.5802 per pound, down 4.1 percent from the last GDT event. Published by: Dairy Market News - Madison, WI MIKE BANDLI, (608)422-8592 Email: mike.bandli@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