MD_DA751

     Casein - National Casein Report for U.S. Imports

     Report 39 - Released on September 24, 2020


     Acid casein prices slightly decreased at the low end of the price range but remained steady
     at the top. Rennet casein prices are steady. Acid casein contracting activity has been
     increasing as New Zealand is able to make more casein based on milk production being near
     the peak.

     As to rennet casein, some buyers have been holding back finalizing deals in hopes that
     pricing might weaken, particularly due to nice milk production increases in Ireland. At the
     same time, some manufacturers would like to see prices trend higher. The impasse is likely
     to break one way or the other in the very near term for Q4 contracts yet to be finalized.


     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:                    3.6000-3.8000
     Rennet; Price Range - $/LB:                  3.4700-3.5525


     Information for the period September 21 - 25, 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