MD_DA530

     Dry Whey - Central U.S.

     Report 1 - Released on January 03, 2019

     Although some buyers expected to see some early 2019 offers, they suggest few came in this
     week. Fluid milk levels are at low seasonal prices, therefore more whey is being produced
     currently. Even still, there are questions as to how much whey is already contracted in Q1
     and how much will access the spot market. Contacts suggest Chinese buyers are less than
     urged to buy U.S. whey, as their current inventories are balanced, and they are finding
     cheaper rates from European exporters. That said, domestic demand late in 2018 was keeping
     Central region producers busy and somewhat light on freshly produced inventories. Various
     whey plant closures were the story of 2018 in the Midwest, and contacts suggest helped
     maintain some balance within the region. Animal feed whey markets were expectedly quiet,
     while those prices remain steady.
     Prices for: Central U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Dry Whey
     Price Range - Animal Feed; $/LB:                       .3000 - .3550


     Prices for: Central U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Dry Whey
     Price Range - Non-Hygroscopic; $/LB:                   .3800 - .5100
     Mostly Range - Non-Hygroscopic; $/LB:                  .4400 - .4700


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

     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@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