MD_DA530

     Dry Whey - Central U.S.

     Report 21 - Released on May 25, 2023

     Dry whey prices moved lower on the bottom of the range and both ends of the mostly series
     this week. Increasingly, relayed contacts' viewpoints are that the market timbre is
     separating from interchangeable loads, priced in the low $.20s and brand-preferred loads,
     which are moving from the mid-$.30s to low-$.40s. Traders buying off the spot call say those
     loads are bound for international markets. Domestic interests remain somewhat quiet, but
     prices are at a point that some say they cannot ignore. Feed end users say they are busy
     with the current price points of edible dry whey and higher protein concentration prices.
     Animal feed whey prices continue to slip. As lactose, permeate and other carbohydrate
     options face strong bears, end users who can use alternatives have myriad options. Industry
     contacts note dry whey market tones are clearly bearish, at least for the near-term.
     Prices for: Central U.S., All First Sales, F.O.B., Conventional, and Non-Edible Dry Whey
     Price Range - Animal Feed; $/LB:                       .2375 - .2800


     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:                   .2375 - .4050
     Mostly Range - Non-Hygroscopic; $/LB:                  .2900 - .3600


     Information for the period May 22 - 26, 2023, issued weekly

     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