MD_DA751

     Casein - National Casein Report for U.S. Imports

     Report 19 - Released on May 11, 2023

     Prices for casein, both rennet and acid varieties, saw a sharp decline this week, as more
     prices were reported than in a number of report weeks. Contacts say Irish milk output and
     availability have increased, and therefore rennet processing has increased in lockstep. New
     Zealand's seasonal milk production provided processors with more milk at the end of Q1, and
     casein production has been a focus for processors since Q1 due to its relative price
     bullishness. All said, markets are under some pressure, but demand notes remain intact.
     There are expectations that eventual U.S. domestic production could keep price increases,
     like 2022's bullish runup, at bay.
     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:                    5.0000-5.1500
     Rennet; Price Range - $/LB:                  4.5000-5.0000


     Information for the period May 8 - 12, 2023, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592
     Email: mike.bandli@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