MD_DA540

     Dry Whey - Western U.S.

     Report 13 - Released on March 30, 2023

     In the West, the bottom ends of the range and mostly prices series moved lower. Stakeholders
     continue reporting higher to balanced inventories. Additional loads are available for
     contract sales, but stakeholders note lighter interest for contract volume past Q2 thus far.
     Spot markets kept moderate activity. Market tones have not pulled away from a slightly
     bearish outlook. The dry whey price on the CME decreased by less than 1 cent for the second
     week in a row, since March 15, to $0.4425. Overall, export demand from Mexico and Asian
     countries remains steady to light, despite industry sources indicating February was less
     active compared to January. Current prices and inventory levels for high protein whey
     concentrates keep some stakeholders shifting production schedules into dry whey. Plenty of
     liquid whey is available for drying from cheesemakers running strong to steady production
     schedules. Dry whey production is steady.
     Prices for: Western U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Dry Whey
     Price Range - Non-Hygroscopic; $/LB:                   .3950 - .4850
     Mostly Range - Non-Hygroscopic; $/LB:                  .4100 - .4600


     Information for the period March 27 - 31, 2023, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     Andrew Mattheis, 608-422-8590
     Email: andrew.mattheis@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