MD_DA530 Dry Whey - Central U.S. Report 49 - Released on December 05, 2019 The entire whey complex is in the midst of a bullish push, after most of 2019 has resembled a continual and mostly bearish timeline. Central region dry whey trading, which did not completely slow down even during Thanksgiving week, maintained steady to active trading. Positive price shifts took place at every point on the Dairy Market News range and mostly series. On the whole, whey drying has been tapered this year. Class III producers have cut back. Even in the midst of heavily discounted milk markets last week, plant managers reported taking the holiday and weekend days off. Currently, buyers are looking to secure some dry whey spot loads to supplement their upcoming 2020 contractual intakes. Animal feed whey prices increased on busier trading. Animal feed whey end users were not expecting such a shift, and they say offers have dwindled late this year and into Q1 2020. Contacts feel the newfound bullishness came on without warning. The DMN monthly average of the mostly price series for Central dry whey during November was $0.3058, compared to $0.3303 in October. The monthly average of the range price series for Central animal feed whey during November was $0.2446, compared to $0.2509 in October. Prices for: Central U.S., All First Sales, F.O.B., Conventional, and Non-Edible Dry Whey Price Range - Animal Feed; $/LB: .2800 - .3200 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: .2900 - .4200 Mostly Range - Non-Hygroscopic; $/LB: .3250 - .3600 Information for the period December 2 - 6, 2019, issued weekly Secondary Sourced Information: The CME Group monthly average price for Extra Grade Whey during November was $0.3109, compared to $0.3004 in October. 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 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: https://www.ams.usda.gov/market-news/dairy DMN MARS (My Market News): https://mymarketnews.ams.usda.gov