MD_DA530

     Dry Whey - Central U.S.

     Report 32 - Released on August 06, 2020

     Dry whey prices were mixed on the range, while the top of the mostly series slipped by half
     a cent. End users say offers are aplenty in recent weeks. With plenty of milk available,
     cheese producers remain busy. Buyers are aware of the increases in production and
     availability. Producers say Midwestern customers are in the driver's seat, and loads are
     more available in the region than elsewhere, even in the West, where producers/sellers have
     a bit more leverage. Animal feed trading was somewhat slow. Prices dropped by a penny on the
     low end of the animal feed whey price range. End users, even those who work in animal feed,
     are finding edible grade spots at prices in their financial grasp. Dry whey market tones are
     uncertain to bearish.

     The DMN monthly average of the mostly price series for Central dry whey during July was
     $.3215, compared to $.3491 in June. The monthly average of the range price series for
     Central animal feed whey during July was $.2680, compared to $.2914 in June.
     Prices for: Central U.S., All First Sales, F.O.B., Conventional, and Non-Edible Dry Whey
     Price Range - Animal Feed; $/LB:                       .2400 - .2700


     Prices for: Central U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Dry Whey
     Price Range - Non-Hygroscopic; $/LB:                   .2700 - .3400
     Mostly Range - Non-Hygroscopic; $/LB:                  .2950 - .3300

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

     Secondary Sourced Information:

     The CME Group monthly average price for Extra Grade Whey during July was $.3253, compared
     to $.3181 in June.

     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
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@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