MD_DA751

     Casein - National Casein Report for U.S. Imports

     Report 8 - Released on February 25, 2021


     The acid casein price range moved higher. Rennet casein is steady. Demand for acid casein is
     very strong. New Zealand supply is limited and getting more limited. The milk production
     season continues to move toward the low point. Because many buyers contract ahead, much
     current production is already committed. Now new buyers must scramble to source acid casein
     where they can, and they are paying the price for having held back. Prices are expected to
     continue increasing in coming weeks.

     Rennet casein is not such a tight market. European manufacturers have the benefit of
     seasonally increasing milk production. Plant efficiencies have typically led to increased
     rennet casein emphasis as summer approaches, so that mitigates pressure to close deals now.
     Rennet casein pricing is expected to be generally steady in coming weeks.


     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:                    3.8700-4.1500
     Rennet; Price Range - $/LB:                  3.6150-3.6875


     Information for the period February 22 - 26, 2021, issued weekly

     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