MD_DA771

     Whey Protein Concentrate - Central and Western U.S.

     Report 6 - Released on February 10, 2022

     Prices for whey protein concentrate 34% moved higher at the top of both the price range and
     the mostly price series. At the bottom of each series, prices held steady. Industry contacts
     relay that buyers may still have a yen for dairy whey proteins, but spot market activity was
     quiet this week. Buyers are making regular inquiries to manufacturers for available WPC
     34%. However, WPC 34% inventories are tight. Manufacturers want to make sure they leave
     enough for contracted customers and are trying to not overcommit. WPC 34% production is
     steady, but elevated demand for higher whey protein concentrations is limiting the amount of
     whey solids available for WPC 34% production.



     DAIRY MARKET NEWS MONTHLY AVERAGES
     The January 2022 Dairy Market News average of the mostly price series for Central and West
     whey protein concentrate 34% is $1.4378, compared to $1.3174 in December and $0.9693 one
     year ago.


     Prices for: Central and Western U.S., All First Sales, F.O.B., Extra Grade, Conventional,
     and Edible Whey Protein Concentrate
     Price Range - 34% Protein; $/LB:                       1.4400 - 1.7150
     Mostly Range - 34% Protein; $/LB:                      1.5050 - 1.6000

     Information for the period February 7 - 11, 2022, issued weekly

     Secondary Sourced Information:

     DAIRY PRODUCTS REPORT – WHEY DERIVATIVES SUMMARY
     Released February 4, 2022, by the National Agricultural Statistics Service (NASS),
     Agricultural Statistics Board, United States Department of Agriculture (USDA).

     Selected Whey Derivatives Production – United States
                      Monthly Production (1000 pounds)   Percent Change from
                               DEC        NOV        DEC      DEC      NOV
     Product                  2020       2021       2021     2020     2021
     Whey Protein Concentrate, human and animal
       25.0-49.9 percent    16,611     16,886     14,496    -12.7    -14.2
       50.0-89.9 percent    26,526     29,752     28,453      7.3     -4.4
     Whey protein isolates, 90.0 percent or greater
                            10,941     11,145     10,675     -2.4     -4.2

     Selected Whey Derivatives – Cumulative Production January - December
                           Cumulative Production    Percent
        (1000 pounds)     Change from
     Product                  2020        2021       2020
     Whey Protein Concentrate, human and animal 1
       25.0-49.9 percent   181,432     173,431       -4.4
       50.0-89.9 percent   296,226     322,841        9.0
     Whey protein isolates, 90.0 percent or greater 1
                           116,993     128,117        9.5
     1. Values calculated from Dairy Products report data.

     Manufacturers' stocks end of month 2
                      End of month stocks (1000 pounds)  Percent Change from
                               DEC        NOV        DEC      DEC      NOV
     Product                  2020       2021       2021     2020     2021
     Whey Protein Concentrate, human and animal
       25.0-49.9 percent    26,528     23,867     25,151     -5.2      5.4
       50.0-89.9 percent    36,331     44,382     44,865     23.5      1.1
     Whey protein isolates, 90.0 percent or greater
                            15,073     12,408     13,447    -10.8      8.4
     2. Stocks held by manufacturers at all points and in transit.


     U.S. WPC < 80% EXPORTS, H.S. CODE 0404100500(FAS)
                      2021 Exports      % Change From
                      (Million Lb.)       1 Year Ago
     DECEMBER Total          18.2          - 46

     TOTAL, JAN – DEC       299.2          - 8
      1 China               130.6          - 7
      2 Mexico               49.6          + 14
      3 Canada               43.7          + 12
      4 Philippines          16.1          - 29
      5 Indonesia            11.5          - 14

     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