Dry Whey - Central
USDA - Thu Nov 08, 10:52AM CST
MD_DA530

     Dry Whey - Central U.S.

     Report 45 - Released on November 08, 2018

     Dry whey prices are unchanged as trading activity was steady. A growing number of trades are
     finding themselves in a tight window in the middle to upper $.40s. Even though regional
     Class III producers are taking on less milk, whey offers are coming in from elsewhere and
     putting downward pressure on markets. That said, market indeces seemed to have found some
     convergence, and some contacts believe the markets will hold steady for the rest of Q4.
     Animal feed whey prices are unchanged on a quiet trading market. Animal feed whey
     inventories are only spottily available.

     Central dry whey�s DMN mostly price average for October 2018 was $.4473, up from $.4293 in
     September. Animal feed whey�s DMN price average for October was $.3384, up from $.3042 in
     September.
     Prices for: Central U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Dry Whey
     Price Range - Animal Feed; $/LB:                       .2600 - .4200


     Prices for: Central U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Dry Whey
     Price Range - Non-Hygroscopic; $/LB:                   .3600 - .5200
     Mostly Range - Non-Hygroscopic; $/LB:                  .4400 - .4700

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

     Secondary Sourced Information:

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


     Dry Whey (Human) Production � States and United States
                     Monthly Production (1000 pounds)   Percent Change from
                     September    August  September     September    August
     Region               2017      2018       2018          2017      2018
     United States      89,568    77,654     70,095         -21.7      -9.7

      Atlantic          20,644    21,829     20,399          -1.2      -6.6

      Central           39,969    34,927     33,377         -16.5      -4.4
       Wisconsin        29,436    25,191     24,231         -17.7      -3.8

      West              28,955    20,898     16,319         -43.6     -21.9

     Dry Whey � Cumulative Production January - September
                     Cumulative Production   Percent Change
                         (1000 pounds)         from
     Dry Whey             2017      2018       2017
      Total1           788,473   771,922       -2.1
      Human2           773,801   757,770       -2.1
     1. Excludes all modified dry whey products.
     2. Values are calculated from Dairy Products report data.

     Manufacturers' stocks end of month3
                     End of month stocks (1000 pounds)  Percent Change from
                     September    August  September     September    August
     Dry Whey             2017      2018       2018          2017      2018
      Human            106,317    71,055     67,466         -36.5      -5.1
      Animal             1,526     2,214      1,944          27.4     -12.2
     Total             107,843    73,269     69,410         -35.6      -5.3
     3. Stocks held by manufacturers at all points and in transit.
     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@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