Dry Whey - Northeast
MD_DA560

     Dry Whey - Eastern U.S.

     Report 41 - Released on October 11, 2018

     Whey powder spot prices increased in the Northeast, pushing up both ends of the price range
     this week. Some buyers are purchasing spot loads at increased prices to fill immediate
     needs. Also, many market participants are working through weekly contracts. Dry whey
     production is stable, but manufacturers' inventories are balanced to lower in the East. The
     majority of supplies are filling contracts, and a few available loads are being offered on
     the spot market. A few traders report having enough loads in inventory, due to some
     customers' lower demand. In addition, ice cream production is slowing down at this time of
     year. The market undertone is currently steady to somewhat unsettled.
     Prices for: Eastern U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Dry Whey
     Price Range - Non-Hygroscopic; $/LB:                   .4175 - .5500

     Information for the period October 8 - 12, 2018, issued weekly

     Secondary Sourced Information:

     Dairy Products Report � Whey Summary
     Released October 4, 2018, 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
                        August      July     August   August    July
     Region               2017      2018       2018     2017    2018
     United States      93,138    90,309     78,235    -16.0   -13.4

     Atlantic           21,244    22,253     21,829      2.8    -1.9

     Central            41,833    38,347     35,771    -14.5    -6.7
       Wisconsin        30,190    27,221     26,016    -13.8    -4.4

     West               30,061    29,709     20,635    -31.4   -30.5

     Dry Whey � Cumulative Production January - July
                     Cumulative Production    Percent Change
                         (1000 pounds)           from
     Dry Whey              2017      2018         2017
     Total1            697,171   701,380          0.6
     Human2            684,233   688,256          0.6
     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
                        August      July     August   August    July
     Dry Whey             2017      2018       2018     2017    2018
     Human              98,055    75,064     70,697    -27.9    -5.8
     Animal              1,456     2,385      2,278     56.5    -4.5
     Total              99,511    77,449     72,975    -26.7    -5.8
     3. Stocks held by manufacturers at all points and in transit.


     U.S. Dry Whey Exports. H.S. Code 0404104000(FAS)
                      2018 Exports      % Change From
                      (Million Lb.)       1 Year Ago

     AUGUST Total             45.0           + 13

     TOTAL, JAN � AUG        345.9           + 16
      1 China                129.0           - 8
      2 Philippines           27.4           + 21
      3 Mexico                23.5           + 13
      4 Japan                 22.6           + 36
      5 Vietnam               21.7           + 289
     Published by:
     Dairy Market News - Madison, WI
     JESSICA MUELLER, 608-422-8589
     Email: Jessica.Mueller@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