MD_DA751

     Casein - National Casein Report for U.S. Imports

     Report 18 - Released on May 05, 2022

     This week introduced no new changes to casein prices for rennet or acid. The outlook remains
     similar though. Demand is ever-present, while supplies are quite limited for domestic end
     users. Some producers report working on loads of rennet casein for delivery in the early
     summer months, which is likely going to be spoken for prior to completion. Those producers
     expect it to continue to move the price needle upward, though, based on supply/demand.
     Current trading activity, though, is very limited. European production is expected to pick
     up seasonally, as New Zealand's is seasonally declining. All said, as contractual
     fulfillments are being worked out, bearish expectations affecting other global powder
     markets currently are not having the same impact on casein markets, according to contacts.

     The DMN monthly average price for rennet casein in April was $5.1695, compared to $5.1122
     in March. The April average price for acid casein was $6.5650, compared to $6.4363 in
     March.
     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:                    6.4200-6.7100
     Rennet; Price Range - $/LB:                  5.1300-5.2100


     Information for the period May 2 - 6, 2022, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@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