MD_DA771

     Whey Protein Concentrate - Central and Western U.S.

     Report 49 - Released on December 05, 2019

     Whey protein concentrate 34% prices are generally steady, but moved higher at the top of the
     price range. Market participants are hopeful that firming nonfat dry milk and higher whey
     protein concentrate prices can translate into higher prices for WPC 34%. But, so far, WPC
     34% demand is mixed. Some contacts report feed buyers are switching from nonfat dry milk to
     WPC 34% to save on protein costs. And a few manufacturers say if they had WPC 34% loads
     readily available, they could ask for, and likely get, higher prices. However, other
     manufacturers suggest there is still plenty of reluctance by end users to acquiesce to price
     increases. Inventories vary by brand and range from committed to more than enough. WPC 34%
     production is steady.


     DAIRY MARKET NEWS Monthly Averages
     The November 2019 Dairy Market News average of the mostly price series for Central and West
     whey protein concentrate 34% was $0.9597, compared to $0.9530 in October and $.8817 one
     year ago.
     Prices for: Central and Western U.S., All First Sales, F.O.B., Extra Grade, Conventional,
     and Edible Whey Protein Concentrate
     Price Range - 34% Protein; $/LB:                       .7500 - 1.1250
     Mostly Range - 34% Protein; $/LB:                      .8800 - 1.0500

     Information for the period December 2 - 6, 2019, issued weekly

     Secondary Sourced Information:

     Dairy Products Report – Whey Derivatives Summary
     Released December 4, 2019, by the National Agricultural Statistics Service (NASS),
     Agricultural Statistics Board, United States Department of Agriculture (USDA).

     Selected Whey Derivatives Production – United States
                      Monthly Production (1000 pounds)   Percent Change from
                               Oct       Sept        Oct       Oct     Sept
     Product                  2018       2019       2019      2018     2019
     Whey Protein Concentrate, human and animal
       25.0-49.9 percent    16,634     15,755     14,062     -15.5    -10.7
       50.0-89.9 percent    25,758     24,110     25,799       0.2      7.0
     Whey protein isolates, 90.0 percent or greater
                            11,479      9,771     10,626      -7.4      8.8

     Selected Whey Derivatives – Cumulative Production January - October
                    Cumulative Production (1000 pounds)  Percent Change from
     Product                  2018       2019                 2018
     Whey Protein Concentrate, human and animal 1
       25.0-49.9 percent   165,422    152,034                 -8.1
       50.0-89.9 percent   263,908    253,385                 -4.0
     Whey protein isolates, 90.0 percent or greater 1
                           100,879     99,826                 -1.0
     1. Values are calculated from Dairy Products report data.

     Manufacturers' stocks end of month 2
                      End of month stocks (1000 pounds)  Percent Change from
                               Oct       Sept        Oct       Oct     Sept
     Product                  2018       2019       2019      2018     2019
     Whey Protein Concentrate, human and animal
       25.0-49.9 percent    22,400     22,943     22,745       1.5     -0.9
       50.0-89.9 percent    39,346     42,470     42,952       9.2      1.1
     Whey protein isolates, 90.0 percent or greater
                            23,610     18,478     18,052     -23.5     -2.3
     2. Stocks held by manufacturers at all points and in transit.
     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