Lactose - Central and West
MD DA770 Lactose - Central and West                                             

MADISON, WI.  October 12, 2017 (REPORT 41)                                      

LACTOSE - CENTRAL AND WEST                                                      

Lactose prices are steady to lower. The bottoms of the range and the mostly price 
series took steps downward. Industry contacts report a number of spot sales 
moving at lower prices within the range. Some manufacturers are competing heavily 
with lactose from other parts of the world. Lactose stocks range from committed 
to heavy and many processors are trying to reduce their inventories prior to 
year-end. Furthermore, production is steady to lower as some manufacturers also 
try to cap new lactose moving into the warehouse. NASS's Dairy Products report 
shows U.S. lactose production during August 2017 totaled 97.8 million pounds, a 
5.6 percent increase from one year ago, but 1.7 percent less than last month. 
Year to date lactose production through August is 760.1 million pounds, 3.5 
percent more than a year ago. Month ending stocks, at 159.1 million pounds, are 
20.6 percent higher than one year ago, and 9.7 percent more than July 2017. 

Including spot sales and up to 3 month contracts.                               
F.O.B. EDIBLE, NON PHARMACEUTICAL   .1800 - .4400    MOSTLY:   .2100 - .3300    

U.S. Lactose Exports, H.S. Code 1702110000(FAS)
                 2017 Exports      % Change From
                 (Million Lb.)       1 Year Ago

August Total             47.3           - 12

TOTAL, JAN - AUGUST     387.7           + 3
 1 China                 63.8           - 1
 2 Mexico                56.4           + 15
 3 New Zealand           49.0           - 25
 4 Japan                 33.2           + 6
 5 Indonesia             23.8           - 19

1100CT 608.422.8592
USDA/AMS/Dairy Market News, Madison, Wisconsin
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