MD_DA771

     Whey Protein Concentrate - Central and Western U.S.

     Report 11 - Released on March 16, 2023

     Demand for whey protein concentrate 34% (WPC 34%) has been limited in recent weeks and
     stakeholders say spot sales continue to soften. Some brands of WPC 34% are in higher demand
     than others, though demands for these brands are also getting lighter. Spot purchasers say
     WPC 34% loads are plentiful and some are hearing offers for lower priced loads as sellers
     wish to lighten inventories. Contacts report lackluster demand has spurred some WPC 34%
     sellers to offer loads priced below low/medium heat nonfat dry milk. Some industry sources
     suggest recent shifts from production of higher whey protein concentrates towards WPC 34% is
     causing production to outpace demand. Lighter demand, growing inventories, and steady
     production of WPC 34% are contributing to bearish market sentiment, and lower prices across
     the range and mostly price series.
     Prices for: Central and Western U.S., All First Sales, F.O.B., Extra Grade, Conventional,
     and Edible Whey Protein Concentrate
     Price Range - 34% Protein; $/LB:                       .9000 - 1.5650
     Mostly Range - 34% Protein; $/LB:                      1.1500 - 1.5250


     Information for the period March 13 - 17, 2023, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ROMAN CARAMAN, 608-422-8593
     Email: roman.caraman@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