MD_DA771

     Whey Protein Concentrate - Central and Western U.S.

     Report 10 - Released on March 05, 2020

     The whey protein concentrate 34% price range held steady as the mostly price series
     contracted. Manufacturers relay that WPC 34% is moving well through regular contracted
     shipments, although containers and shipping logistics are a bit backlogged. Concerns about
     the coronavirus pester the industry. Some contacts speculate the disease could hamper demand
     for whey proteins in the sports nutrition markets if people stay away from public work out
     facilities. Others say WPC 34% is more insulated from impacts because the limited production
     industry-wide keeps supplies tight compared to demand. WPC 34% production is steady, and
     inventories are heavily committed, especially for WPC 34% that meets rigorous end user
     specifications.


     DAIRY MARKET NEWS MONTHLY AVERAGES
     The February 2020 Dairy Market News average of the mostly price series for Central and West
     whey protein concentrate 34% is $1.0140, compared to $1.0017 in January and $.8995 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:                       .9400 - 1.1725
     Mostly Range - 34% Protein; $/LB:                      .9550 - 1.0750


     Information for the period March 2 - 6, 2020, issued weekly

     Secondary Sourced Information:

     DAIRY PRODUCTS REPORT – WHEY DERIVATIVES SUMMARY
     Released March 4, 2020, 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
                               Jan        Dec        Jan       Jan      Dec
     Product                  2019       2019       2020      2019     2019
     Whey Protein Concentrate, human and animal
       25.0-49.9 percent    17,935     16,021     16,194      -9.7      1.1
       50.0-89.9 percent    25,235     26,720     25,029      -0.8     -6.3
     Whey protein isolates, 90.0 percent or greater
                            11,737      9,365      9,874     -15.9      5.4

     Manufacturers' stocks end of month 1
                      End of month stocks (1000 pounds)  Percent Change from
                               Jan        Dec        Jan       Jan      Dec
     Product                  2019       2019       2020      2019     2019
     Whey Protein Concentrate, human and animal
       25.0-49.9 percent    27,575     26,535     26,545      -3.7      ...
       50.0-89.9 percent    35,068     40,288     40,158      14.5     -0.3
     Whey protein isolates, 90.0 percent or greater
                            22,772     16,497     16,209     -28.8     -1.7
     1. 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