MD_DA560

     Dry Whey - Eastern U.S.

     Report 24 - Released on June 14, 2018

     Dry whey spot sales are currently difficult to source as manufacturers¶ supplies are
     limited. The Northeast price series increased on both sides of the range. When available,
     buyers are purchasing spot loads at higher prices. Dry whey production is fairly steady as
     milk volumes are plentiful in the Northeast for active cheese processing. Inventories are
     tight in warehouses and some manufacturers do not have available supplies for contracts.
     However, a few are able to obtain extra loads from other regional inventories to supply
     contract needs. The demand continues to be strong and many market participants are willing
     to purchase dry whey for higher prices on the spot market. The market tone is unchanged, yet
     some reports mention the market may appear to be approaching its climax.
     Prices for: Eastern U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Dry Whey
     Price Range - Non-Hygroscopic; $/LB:                   .2800 - .3725


     Information for the period June 11 - 15, 2018, issued weekly

     Secondary Sourced Information:

     The CME Group price for dry whey on Wednesday closed at $0.4100, up $0.0050 compared to the
     previous Wednesday.

     U.S. Dry Whey Exports. H.S. Code 0404104000(FAS)
                      2018 Exports      % Change From
                      (Million Lb.)       1 Year Ago

     April Total              40.2           + 8

     TOTAL, JAN - APR        174.8           + 23
      1 China                 66.8           + 4
      2 Philippines           13.6           + 40
      3 Mexico                12.2           + 2
      4 Japan                 11.9           + 77
      5 Canada                 9.5           - 41
     Published by:
     Dairy Market News - Madison, WI
     JESSICA MUELLER, 608-422-8589
     Email: Jessica.Mueller@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