MD_DA530

     Dry Whey - Central U.S.

     Report 13 - Released on March 28, 2019

     The market tone for Central whey is unsteady. That said, domestic demand is stable and there
     hasn¶t been much push back on contract shipments. Whey prices were mostly unchanged with
     light spot trading activity. However, the bottom of the price range moved lower due to the
     pressures exerted by trading at the CME and weak demand from Southeast Asia. A few industry
     contacts suggest Chinese buyers may sit out of the market through the next quarter because
     they already have plenty of whey on hand and a limited market demand. African swine fever
     continues to spread across Asia. Estimates vary, but suggest that the Chinese had to
     depopulate at least 20 percent of the pig herd. The reduced demand has caused whey
     inventories to build with some manufacturers. The U.S. feed market has picked up the slack a
     little, but cannot fully replace those markets. U.S. animal feed whey prices are unchanged.
     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:                       .2700 - .3300


     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:                   .3125 - .4600
     Mostly Range - Non-Hygroscopic; $/LB:                  .3700 - .4450


     Information for the period March 25 - 29, 2019, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592
     Email: mike.bandli@ams.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/