Dry Whey - Central
MD_DA530

     Dry Whey - Central U.S.

     Report 41 - Released on October 11, 2018

     Central whey prices shifted down on the top of the price range, while inching up on the
     bottom of the mostly. Offers remain abundant, but trading activity remains somewhat quiet in
     the region. The push-pull market remains intact, as buyers hesitate to take on spots at
     current asking prices. Sellers, however, suggest tight inventories and whey dryer closures,
     temporarily for updating and/or indefinitely, are playing a part in keeping the inventories
     tighter and the market stronger. Central region whey producers suggest most to all loads are
     contractually obligated. Whey production is mixed with higher milk costs, but some Class III
     producers who use self-sourced milk are adding to production schedules. The dry whey market
     tone is uncertain.
     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:                       .2650 - .4100


     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:                   .3600 - .5600
     Mostly Range - Non-Hygroscopic; $/LB:                  .4250 - .4500

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