MD_DA751

     Casein - National Casein Report for U.S. Imports

     Report 40 - Released on October 03, 2019

     Prices for acid casein are higher. Rennet casein prices are mixed, stronger at the low end
     of the price range, but weaker at the top. Seasonal New Zealand milk production is near the
     high point and that flows through to casein production. Casein has become more available.
     However, in New Zealand, there is increasing discussion about the potential for pasture
     conditions becoming less abundant, possibly drier in coming months, leading to a slower
     increase in milk production. Some casein buyers have viewed this as a motivating factor to
     move ahead with near term purchases and contracting for coming months. There seems to have
     been an increase in the contracting pace.
     Prices for: Spot Sales And Up to 3 Month Contracts, Free on Board - Warehouse, Non-
     Restricted, All Mesh Sizes, Conventional, and Edible Casein

     Acid; Price Range - $/LB:                    3.1250-3.2850
     Rennet; Price Range - $/LB:                  2.9825-3.1700


     Information for the period September 30 -  October 4, 2019, issued weekly

     Secondary Sourced Information:

     At GDT event 245 on October 1, 2019, the rennet casein all contracts price, $3,0314,
     increased 0.7 percent.

     Casein exports from New Zealand during January - August 2019, 38,000 MT, increased 5.4
     percent from January - August 2018 according to CLAL data made available to USDA. The three
     primary destinations, percent change January - August 2019/2018, and quantity, are shown in
     the following table.

                         % Change    Jan.- Aug.
                         Jan.- Aug.  2019
     Country             2019/2018   Quantity MT

     United States       +3.44       12,060
     Mexico              +4.00        5,982
     China               +0.53        3,111
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov