MD_DA771

     Whey Protein Concentrate - Central and Western U.S.

     Report 14 - Released on April 04, 2019

     Whey protein concentrate 34% prices are unchanged. In general, demand is steady. Buyers are
     taking regular contract shipments without much concern. Spot market activity varies by brand
     and market segment. WPC34% production is in relatively good balance with demand, and
     inventories are generally comfortable. Buyers can find WPC34% as needed, but processors are
     not making a lot of offers. Buyers and sellers seem content, at least at the moment, to
     maintain the status quo.


     DAIRY MARKET NEWS Monthly Averages
     The March 2019 Dairy Market News average of the mostly price series for Central and West
     whey protein concentrate 34% was $0.9025, compared to $0.8995 one month ago and $0.6960 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:                       .7300 - 1.0600
     Mostly Range - 34% Protein; $/LB:                      .8300 - .9750


     Information for the period April 1 - 5, 2019, issued weekly

     Secondary Sourced Information:

     NASS Dairy Products Report - Whey Derivatives Summary
     Released April 3, 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
                              Feb.       Jan.       Feb.       Feb.     Jan.
     Product                  2018       2019       2019       2018     2019
     Whey Protein Concentrate, human and animal
       25.0-49.9 percent    13,530     17,935     14,658        8.3    -18.3
       50.0-89.9 percent    25,861     25,235     24,392       -5.7     -3.3
     Whey protein isolates, 90.0 percent or greater
                             8,498     11,737      9,121        7.3    -22.3

     Selected Whey Derivatives ± Cumulative Production January - February
                    Cumulative Production (1000 pounds)  Percent Change from
     Product                  2018       2019                  2018
     Whey Protein Concentrate, human and animal 1
       25.0-49.9 percent    29,691     32,593                   9.8
       50.0-89.9 percent    53,161     49,627                  -6.7
     Whey protein isolates, 90.0 percent or greater 1
                            18,076     20,858                  15.4
     1. Values are calculated from Dairy Products report data.

     Manufacturers' stocks end of month 2
                      End of month stocks (1000 pounds)  Percent Change from
                              Feb.       Jan.       Feb.       Feb.     Jan.
     Product                  2018       2019       2019       2018     2019
     Whey Protein Concentrate, human and animal
       25.0-49.9 percent    25,755     27,575     26,590        3.2     -3.6
       50.0-89.9 percent    55,021     35,068     35,779      -35.0      2.0
     Whey protein isolates, 90.0 percent or greater
                            27,894     22,772     21,510      -22.9     -5.5
     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/