MD_DA751

     Casein - National Casein Report for U.S. Imports

     Report 12 - Released on March 23, 2023

     Rennet and acid casein prices shifted lower. Reports continue to show seasonally bullish
     milk output in New Zealand. Contacts say this and other factors will make the $6+/lb mark
     for both rennet and acid casein unsustainable as Q2 negotiations continue with relatively
     bearish expectations. As New Zealand's milk production season nears its culmination, EU
     production is expected to gain its initial seasonal steam near term. Buyers are aware of
     this, hence price drops and bearish tones following a notably consistent bullish push
     regarding casein and caseinates.
     Prices for: Spot Sales And Up to 3 Month Contracts, Free on Board - Warehouse, Non-
     Restricted, All Mesh Sizes, Conventional, and Edible Casein

     Acid; Price Range - $/LB:                    5.9000-6.1500
     Rennet; Price Range - $/LB:                  5.7400-5.9000


     Information for the period March 20 - 24, 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