MD_DA530

     Dry Whey - Central U.S.

     Report 45 - Released on November 07, 2019

     Dry whey prices slid on steady trading week to week. Milk availability and Class III
     production are on the increase in the Midwest. Timing for an increase in production could be
     better, as international trade issues (primarly African swine flu in Asia) and domestic end
     users being well-stocked are not contributing to moving loads. Regional contact notes are
     not all ursine in nature. Some buyers have said that higher protein blends are not as
     available as they were earlier in the fall season. Additionally, manufacturers are willing
     to be a little more aggressive in off-loading sweet whey powder to keep inventories in
     check. Generally, dry whey market tones are confused. Animal feed whey prices slid on slow
     trading.

     The DMN monthly average of the mostly price series for Central dry whey during October was
     $0.3303, compared to $0.3532 in September. The monthly average of the range price series for
     Central animal feed whey during August was $0.2509, compared to $0.2550 in September.
     Prices for: Central U.S., All First Sales, F.O.B., Conventional, and Edible Dry Whey
     Price Range - Animal Feed; $/LB:                       .2250 - .2500


     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:                   .2525 - .3400
     Mostly Range - Non-Hygroscopic; $/LB:                  .2800 - .3250

     Information for the period November 4 - 8, 2019, issued weekly

     Secondary Sourced Information:

     The CME Group monthly average price for Extra Grade Whey during October was $0.3004,
     compared to $0.3800 in September.

     Dairy Products Report – Whey Summary
     Released November 5, 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
                           Sept       Aug        Sept      Sept     Aug
     Region               2018       2019       2019       2018     2019
     United States      69,038     83,496     90,975       31.8     9.0

      Atlantic          20,399     21,851     22,024        8.0     0.8

      Central           32,320     37,803     38,382       18.8     1.5
       Wisconsin        23,254     24,465     24,582        5.7     0.5

      West              16,319     23,842     30,569       87.3    28.2

     Dry Whey – Cumulative Production January - September
                   Cumulative Production (1000 pounds)  Percent Change from
     Dry Whey             2018                  2019               2018
     Total1            768,542               729,783               -5.0
     Human2            755,211               717,533               -5.0
     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
                          Sept       Aug        Sept       Sept     Aug
     Dry Whey             2018      2019        2019       2018     2019
     Human              67,843    70,141      77,333       14.0     10.3
     Animal              1,661     2,043       1,930       16.2     -5.5
     Total              69,504    72,184      79,263       14.0      9.8
     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@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