Whey Protein Concentrate - Central and West
USDA - Thu Nov 08, 10:38AM CST
MD_DA771

     Whey Protein Concentrate - Central and Western U.S.

     Report 45 - Released on November 08, 2018

     Whey protein concentrate 34% prices held steady on the range, but constricted within the
     mostly price series. Production is generally steady. Supplies remain somewhat limited
     outside of the amounts earmarked for contracted obligations. WPC34% that meets infant
     formula requirements or is deemed one of the palmary brands continue to realize strong
     demand and prices at the top of the range and mostly price series. Buyers seeking WPC 34%
     that is readily substituted by other protein sources have curbed their enthusiasm.

     DAIRY MARKET NEWS Monthly Averages
     The October 2018 Dairy Market News average of the mostly price series for Central and West
     whey protein concentrate 34% was $0.8658, compared to $0.8437 one month ago and $0.8063 one
     year ago.
     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:                       .7900 - 1.0375
     Mostly Range - 34% Protein; $/LB:                      .8375 - .9275

     Information for the period November 5 - 9, 2018, issued weekly

     Secondary Sourced Information:

     NASS Dairy Products - Whey Derivatives Summary
     Dairy Products Report � Whey Derivatives Summary
     Released November 1, 2018, by the National Agricultural Statistics Service (NASS),
     Agricultural Statistics Board, United States Department of Agriculture (USDA).

     Selected Whey Derivatives Production � United States
                     Monthly Production (1000 pounds)   Percent Change from
                        September     August  September  September   August
     Product                 2017       2018       2018       2017     2018
     Whey Protein Concentrate, human and animal
       25.0-49.9 percent   14,325     16,512     15,757       10.0     -4.6
       50.0-89.9 percent   24,395     25,255     26,485        8.6      4.9
     Whey protein isolates, 90.0 percent or greater
                            9,442      8,907      9,348       -1.0      5.0

     Selected Whey Derivatives � Cumulative Production January - September
                         Cumulative Production    Percent Change
                              (1000 pounds)        from
     Product                 2017       2018       2017
     Whey Protein Concentrate, human and animal 1
       25.0-49.9 percent  134,197    136,494        1.7
       50.0-89.9 percent  226,818    237,755        4.8
     Whey protein isolates, 90.0 percent or greater 1
                           88,419     86,126       -2.6
     1. Values are calculated from Dairy Products report data.

     Manufacturers' stocks end of month 2
                     End of month stocks (1000 pounds)  Percent Change from
                        September     August  September  September  August
     Product                 2017       2018       2018       2017    2018
     Whey Protein Concentrate, human and animal
       25.0-49.9 percent   23,106     19,318     17,479      -24.4    -9.5
       50.0-89.9 percent   48,605     41,994     41,166      -15.3    -2.0
     Whey protein isolates, 90.0 percent or greater
                           26,760     31,635     25,400       -5.1   -19.7
     2. Stocks held by manufacturers at all points and in transit.


     FAS WPC 34% Export Table

     U.S. WPC < 80% Exports, H.S. Code 0404100500(FAS)
                      2018 Exports      % Change From
                      (Million Lb.)       1 Year Ago

     SEPTEMBER Total         25.9          + 20

     TOTAL, JAN � SEP       274.6          + 20
      1 China               112.2          + 20
      2 Mexico               49.7          + 12
      3 Canada               25.7          - 3
      4 Philippines          12.6          + 5
      5 Hong Kong            12.0          + 4,608

     Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592
     Email: mike.bandli@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home