MD DA751 Casein National
MADISON, WI. December 06, 2007 (REPORT 49)
CASEIN - NATIONAL
Casein markets and prices are firm. Casein output in Oceania, especially in New
Zealand, is at seasonal high levels. Milk volumes in the region are maintaining
high levels, thus casein output will continue as long as milk stays at that
level. Casein production in New Zealand is the last product to come on line as
milk volumes increase and the first to cease production on the downside. At
this point, Oceania supply levels are still unclear, but producers are
optimistic that they will attain projected levels. In Europe, the production
season has concluded and orders are being filled from inventories that are often
lighter than desired. During the production season just concluded, some
European casein output was altered midway through the year as milk directed
toward casein output was redirected toward products of better return or greater
need. The unknown supply situation out of Oceania and lighter than projected
stocks in Europe are keeping prices at record high levels. The acid side of
casein appears to be getting a little unsettled as more buyers are looking at
lower priced offerings that are appearing on the market from sources that they
have not dealt with in the past.
SPOT SALES AND UP TO 3 MONTH CONTRACTS. PRICES ARE F.O.B.,
U.S. WAREHOUSE FOR EDIBLE NONRESTRICTED AND VARY ACCORDING
TO MESH SIZE AND QUALITY.
RENNET: 5.9000 - 6.0500
ACID: 6.1000 - 6.4000
AI
