MD_DA751                                                         
DA                                                               
MD DA751 Casein - National                                       

MADISON, WI.  November 05, 2009 (REPORT 44)                      

CASEIN - NATIONAL

Casein markets are firm with prices unchanged to higher.  Strength in prices is 
occurring due to limited supply and concern by domestic buyers about casein 
availability in the future.  Some buyers are already stating that sourcing 
product for second quarter 2010 is being priced at or slightly higher than 
$4.00.  Domestic buyers are fully aware of the production decline in Europe 
during the most recent season and have concerns on how the Oceania season is 
developing.  Buyers indicate that there is basically no stock available for spot 
needs.  Most domestic buyers have contracted for near term and early 2010 needs, 
but are very concerned about how to proceed for the balance of 2010.  Some 
buyers feel that the momentum of the current market might generate prices seen 
in 2008.                                                
                                                                 
                                                                 
SPOT SALES AND UP TO 3 MONTH CONTRACTS.  PRICES ARE F.O.B.,      
U.S. WAREHOUSE FOR EDIBLE NONRESTRICTED AND VARY ACCORDING       
TO MESH SIZE AND QUALITY.                                        
                                                                 
RENNET:                         2.9000 - 3.6500                  
ACID:                           2.9000 - 3.6000

1100c steve Schneeberger  (608)250-3204