MD_DA530

     Dry Whey - Central U.S.

     Report 20 - Released on May 16, 2019

     Dry whey spot trading was steady, if not a bit busier, this week. Interestingly, although
     market sentiment has been bearish with increasing tariff concerns and the omnipresent dark
     cloud that is the African Swine Flu in Asia, Central dry whey spot trades are taking place
     at mostly steady to slightly higher prices than last week. That said, few contacts expect
     market bulls to materialize in the near term. Price increases this week were due primarily
     to brand-preference, as other trades peppered the entirety of the range. Dry whey production
     is steady, but lighter than in recent years as discounted milk loads are fewer and farther
     between. Dry whey inventories are available, and end users say offers continue to come in
     even when their warehouses are chockfull. Some end users have shifted from sweet whey powder
     to WPC 34%, and many are looking for higher protein blends. That said, those prices are
     currently out of reach for some Midwestern processors/end users. Animal feed whey prices
     shifted slightly lower on the top of the range on a slow trading week.
     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:                       .2500 - .2900


     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:                   .3100 - .4000
     Mostly Range - Non-Hygroscopic; $/LB:                  .3500 - .3800


     Information for the period May 13 - 17, 2019, issued weekly

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