MD_DA751 Casein - National Casein Report for U.S. Imports Report 2 - Released on January 14, 2021 The price ranges for acid and rennet casein weakened early in Q1 of 2021. Upper range pricing tends to be more stable and reflects prices previously locked in. Lower range prices have weakened in response to some plants reporting light sales activity and some buyers taking a wait and see approach as they assess markets. This is particularly true in New Zealand where there was a cascade of hesitation as signs of weaker lower range prices developed, which slowed some buying. Within the price ranges, buyers with strong preferred sourcing are proceeding with deals but the overall lower price ranges reflect current conditions, especially for buyers with some source and delivery timing flexibility. 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: 3.3100-3.6250 Rennet; Price Range - $/LB: 3.4600-3.4900 Information for the period January 11 - 15, 2021, 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
Casein - National