MD_DA751

     Casein - National Casein Report for U.S. Imports

     Report 16 - Released on April 20, 2023

     Casein market prices slid lower for both the acid and rennet varieties. Quarterly contracts
     are being reported as expected downward pricing pressure has begun to affect markets,
     although some reported prices have held somewhat firm for the past few weeks based on
     consistent and specific demand needs. Contacts still expect further bearish pricing
     pressure, but markets for casein are mixed from one region to the next. Milk production is
     expected to push higher in the EU this spring and recent reports of a somewhat bullish late
     milking season in New Zealand in their late summer/early fall, but South America's output is
     notably lighter this season due to persistent hot and dry conditions.
     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:                    5.5500-5.7500
     Rennet; Price Range - $/LB:                  5.4000-5.7000


     Information for the period April 17 - 21, 2023, 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