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