MD_DA771

     Whey Protein Concentrate - Central and Western U.S.

     Report 32 - Released on August 06, 2020

     Whey protein concentrate 34% prices eased back at the top of the price range and both ends
     of the mostly price series. The abundance of inexpensive dairy proteins is putting a lot of
     pressure on WPC 34% prices. Some manufacturers say weakness in WPC 80% and WPI markets is
     prompting them to make more WPC 34% than the higher whey protein concentrations. Without
     improvements in those higher whey protein concentration markets, the pressures faced by WPC
     34% will likely remain in place. Inventories and production are generally steady to higher,
     however highly sought out brands of WPC 34% are in shorter supply. Aside from WPC 34% that
     meets specific end user requirements and has consistently strong demand, buyer interest is
     lackadaisical.


     DAIRY MARKET NEWS MONTHLY AVERAGES
     The July 2020 Dairy Market News average of the mostly price series for Central and West whey
     protein concentrate 34% is $.8945, compared to $.9356 in June and $.9297 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:                       .7100 - 1.0550
     Mostly Range - 34% Protein; $/LB:                      .7350 - 1.0050

     Information for the period August 3 - 7, 2020, issued weekly

     Secondary Sourced Information:

     DAIRY PRODUCTS REPORT � WHEY DERIVATIVES SUMMARY
     Released August 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
                              June        May       June      June      May
     Product                  2019       2020       2020      2019     2020
     Whey Protein Concentrate, human and animal
       25.0-49.9 percent    13,628     13,882     13,689       0.4     -1.4
       50.0-89.9 percent    25,888     25,833     25,794      -0.4     -0.2
     Whey protein isolates, 90.0 percent or greater
                            10,564     10,675     10,258      -2.9     -3.9

     Selected Whey Derivatives � Cumulative Production January - June
                    Cumulative Production (1000 pounds)  Percent Change from
     Product                  2019       2020       2019
     Whey Protein Concentrate, human and animal 1
       25.0-49.9 percent    91,742     88,458       -3.6
       50.0-89.9 percent   154,772    146,725       -5.2
     Whey protein isolates, 90.0 percent or greater 1`
                            62,352     59,222       -5.0
     1. Values are calculated from Dairy Products report data.

     Manufacturers' stocks end of month 2
                      End of month stocks (1000 pounds)  Percent Change from
                               June        May        June       June      May
     Product                  2019       2020       2020      2019     2020
     Whey Protein Concentrate, human and animal
       25.0-49.9 percent    21,375     25,983     25,891      21.1     -0.4
       50.0-89.9 percent    35,916     41,853     42,174      17.4      0.8
     Whey protein isolates, 90.0 percent or greater
                            18,571     16,476     15,612     -15.9     -5.2
     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