Dry Whey - West
MD_DA540                                                         
DA                                                               
MD DA540 Dry Whey - West                                         

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

DRY WHEY - WEST                                                  

Western whey prices stepped lower amid continued pressure throughout 
the whey protein complex. Only the bottom of the mostly price series 
is unchanged. Demand is mixed. Some say domestic and Mexican demand 
has remained solid, while others suggest a cooling interest from 
buyers. Industry contacts report inventories are heavy. There is a 
fear this could be further exacerbated as some manufacturers opt out 
of the sloppy isolate and concentrate markets and make more sweet whey 
powder instead. NASS reports that August 2017 U.S. human dry whey 
production, 94.7 million pounds, is up 27.0 percent from a year ago, 
but down 4.1 percent from July 2017. The Western region produced 30.1 
million pounds of human dry whey during August, up 66.6 percent from 
last year, but down 7.1 percent from last month. Month ending stocks 
for U.S. human dry whey, at 97.1 million pounds, are 68.6 percent 
higher than one year ago, and up 2.1 percent from July 2017.

NONHYGROSCOPIC:    .3100 - .4200   MOSTLY:    .3400 - .3900      


U.S. Dry Whey Exports. H.S. Code 0404104000(FAS)
                 2017 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

August Total             40.2           - 10
 
TOTAL, JAN - AUGUST     298.2           + 12
 1 China                140.3           + 62
 2 Canada                30.0           - 3
 3 Philippines           22.8           + 28
 4 Mexico                20.9           - 17
 5 Japan                 16.6           + 4


1100CT mike.bandli@ams.usda.gov 608.422.8592
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home