MD_DA751

     Casein - National Casein Report for U.S. Imports

     Report 13 - Released on March 26, 2020


     Acid casein prices are higher. Rennet casein firmed at the bottom of the price range but
     remained steady at the top.

     There is growing concern among casein brokers and awareness by customers, that available
     supplies will be lower than desirable, especially for acid casein from New Zealand. This
     arises because New Zealand seasonal milk production expectations have been reduced during
     the season. Now there are also expectations that the season will end earlier than normal due
     to drought. Dairy producers are increasingly drying off cows early.

     The lower than expected milk production will almost certainly result in decreased production
     of casein, among other products. Casein stocks are already considered low. This has
     translated into higher prices, especially for acid casein. Buyers without contracts must go
     to brokers. Brokers are requiring these higher prices to make sales. While some buyers are
     resisting, more are accepting it to get what they need. This will likely continue. Casein
     markets are expected to remain firm.



     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:                    3.7500-4.1000
     Rennet; Price Range - $/LB:                  4.4700-4.5850


     Information for the period March 23 - 27, 2020, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@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