MD_DA560

     Dry Whey - Eastern U.S.

     Report 32 - Released on August 06, 2020

     Dry whey prices are unchanged in the East on steady to moderate trading activity. Market
     participants report market conditions are steady to a bit softer. Manufacturers are working
     through committed contracts. Drying schedules are stable. Supplies are available for
     spot/contract orders. Buyers comfortable with their current inventory levels are not looking
     on the spot market. On the CME Group, spot prices are a bit lower from last week. The dry
     whey market tone is unsettled.

     The July 2020 Dairy Market News monthly average for Northeast dry whey was $ 0.3489
     compared to $ 0.3765 one month ago.

     Prices for: Eastern U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Dry Whey
     Price Range - Non-Hygroscopic; $/LB:                   .3200 - .3800

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

     Secondary Sourced Information:

     The July 2020 extra grade dry whey monthly average price, at the CME Group, is $ 0.3253
     compared to $ 0.3181 the previous month.

     DAIRY PRODUCTS REPORT � WHEY SUMMARY
     Released August 4, 2020, by the National Agricultural Statistics Service (NASS),
     Agricultural Statistics Board, United States Department of Agriculture (USDA).


     Dry Whey (Human) Production � States and United States
                     Monthly Production (1000 pounds)   Percent Change from
                          June        May       June       June      May
     Region               2019       2020       2020       2019     2020
     United States      81,722     85,445     84,106        2.9     -1.6

      Atlantic          22,552     22,630     21,770       -3.5     -3.8

      Central           37,548     43,494     42,126       12.2     -3.1
       Wisconsin        26,049     26,900     25,889       -0.6     -3.8

      West              21,622     19,321     20,210       -6.5      4.6

     Dry Whey � Cumulative Production January - June
                   Cumulative Production (1000 pounds)  Percent Change from
     Dry Whey             2019       2020       2020
     Total1            473,353    492,609        4.1
     Human2            465,138    484,370        4.1
     1. Excludes all modified dry whey products.
     2. Values are calculated from Dairy Products report data.

     Manufacturers' stocks end of month3
                     End of month stocks (1000 pounds)  Percent Change from
                          June       May        June       June      May
     Dry Whey             2019      2020        2020       2019     2020
     Human              67,246    83,979      83,387       24.0     -0.7
     Animal              1,068       810       1,078        0.9     33.1
     Total              68,314    84,789      84,465       23.6     -0.4
     3. Stocks held by manufacturers at all points and in transit.

     Published by:
     Dairy Market News - Madison, WI
     JESSICA MUELLER, 608-422-8589
     Email: jessica.mueller@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