MD_DA771

     Whey Protein Concentrate - Central and Western U.S.

     Report 19 - Released on May 09, 2019

     Prices for whey protein concentrate 34% are unchanged. Manufacturers have seemed to be able
     to maintain prices, but in most cases, not much else. Inventories are generally comfortable.
     However, some industry contacts suggest stocks have grown at some processing locations and
     are tight at others. Favorite brands and WPC34% meeting infant formula requirements have
     steady demand and less availability. WPC34% that is more interchangeable has weaker demand
     and is more plentiful. WPC34% production is steady.

     DAIRY MARKET NEWS Monthly Averages
     The April 2019 Dairy Market News average of the mostly price series for Central and West
     whey protein concentrate 34% was $0.9025, compared to $0.9025 one month ago and $0.7027 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:                       .7200 - 1.0625
     Mostly Range - 34% Protein; $/LB:                      .8300 - .9750


     Information for the period May 6 - 10, 2019, issued weekly

     Secondary Sourced Information:

     NASS Dairy Products Report - Whey Derivatives Summary
     Released May 2, 2019, 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
                              Mar.       Feb.       Mar.       Mar.     Feb.
     Product                  2018       2019       2019       2018     2019
     Whey Protein Concentrate, human and animal
       25.0-49.9 percent    19,922     15,048     14,777      -25.8     -1.8
       50.0-89.9 percent    30,541     24,247     27,570       -9.7     13.7
     Whey protein isolates, 90.0 percent or greater
                            10,502      8,884      7,931      -24.5    -10.7

     Manufacturers' stocks end of month 2
                      End of month stocks (1000 pounds)  Percent Change from
                              Mar.       Feb.       Mar.       Mar.     Feb.
     Product                  2018       2019       2019       2018     2019
     Whey Protein Concentrate, human and animal
       25.0-49.9 percent    23,758     27,805     25,207        6.1     -9.3
       50.0-89.9 percent    55,179     35,222     35,217      -36.2      ...
     Whey protein isolates, 90.0 percent or greater
                            26,258     20,394     21,164      -19.4      3.8
     2. Stocks held by manufacturers at all points and in transit.
     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/