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Whey powder - Central US
This week, the price of food-grade whey powder in the central region has been rising. Spot trading prices in the region have not yet reached the Chicago Mercantile Exchange's daily spot trading price ($0.48 as of Wednesday's close), showing an upward trend. A variety of factors are indicative of the continuation of the bullish trend. Reports of seasonal milk/milk portion declines have recently become more consistent. The high-protein complex market has remained firm for most of the year, with some contacts expecting this firmness to continue until the end of 2024. As a result, reductions in milk and processing have shifted to alternative channels, resulting in tighter and more recent shortages of whey powder. The most recent NASS dairy report showed that edible whey powder inventories were down both year-over-year and month-on-month, down 9.5% and 10.7%, respectively. Demand from China continues to be weak, but importers from other countries are increasing their imports. Feed grade whey prices remained unchanged after a quiet trading week compared to the so far more active spring trading season. Regarding the overall situation of the whey powder market, the contact person is cautiously bullish. They believe that prices are already higher than those of international competitors and that a sudden increase could make domestic/international buyers pause their recent increase in buying activity. Still, there are some who expect the price to rise or even exceed $0.50.
The price range for the first sale of traditional non-food grade whey powder and feed whey powder at the Central Region plant is in the FOB: $0.2400-0.3200/lb.
The price range for the first sale of Premium, Grade A and Conventional Food Grade whey powders and non-hygroscopic whey powders at the Mid-U.S. plant ranged from $0.3850 to $0.4600/lb; The concentrated trading range is FOB: 0.4100-0.4400 US dollars/lb.
02 Whey Powder - Northeast United States
This week, the price of whey powder in the eastern region was higher, and the price of the range rose at both ends. Demand rose in the eastern region and trading activity was modestly impacted. The average price in the area is reported to be around $0.40. The supply of processed milk for the third category varies in the eastern region. The Northeast has remained close to saturation, with a large number of goods looking for buyers. whereas
As temperatures rise and agricultural production slows, milk is more popular in the south and southeast. The volume of liquid whey reflects the situation in the eastern region in recent weeks, while the drying activity has matched the pace of whey production in the eastern region. Whey supply is generally tight in parts of the country, which makes the whey powder market in the eastern region slightly bullish on the market.
The first sale of Premium, Grade A and Conventional Food Grade Whey Powders and Non-Hygroscopic Whey Powders ranged from $0.3800 to $0.4525/lb.
03 Whey Powder - US West
This week, the price of whey powder in the western region and the centralized price rose across the board. Domestic demand is stable, while demand from international buyers is modest. Cheesemakers typically provide large quantities of solid whey drying, and whey powder production plans are mixed. The pace of whey powder production in the northern part of the region is relatively stable, with less significant variations in seasonal milk production. The highly concentrated whey protein market has also seen some solid whey removed from sweet whey production and moved into highly concentrated whey protein production. Whey powder is in short supply.
The price range of the first sale of premium, grade A and traditional food-grade whey powder and non-hygroscopic whey powder from the factory in the western region is FOB: $0.4100-0.5050/lb; The concentrated trading range is FOB: 0.4400-0.4800 USD/lb.
04Whey protein concentrate
This week, the upper limit of the price of WPC34% and the upper limit of the concentrated price decreased slightly, and the lower limit of the range price and the lower limit of the concentrated price remained unchanged. Liquid whey can be used for drying, but processors continue to prioritize the production of WPC80% and whey protein isolate, according to the contact. Due to limited production, contact sharing inventory is still very small. Domestic WPC34% In addition to contract demand, domestic demand is still limited. In last week's NASS dairy report, total WPC production was down 11.1% from March 2024 and 6.1% from April 2023.
34% of the price range for the first sale of Premium, Grade A and Conventional Food Grade WPCs at the Central and Western Regions factories is in the FOB: $0.8800-1.1475/lb.; The concentrated trading range is FOB: 0.9300-1.0125 US dollars/lb.
05 lactose
This week, the lactose range price and the lower limit of the concentrated price were the same as last week, while the upper limit of the concentrated price decreased slightly. The plant manager said the production schedule was stable. Still, demand is strong enough for several processors to absorb tight inventories, with some processors even pointing out that inventories are sold out for the remainder of the second quarter and will not renew orders in the third quarter. Recently, European processors have been offering lower prices than domestic lactose prices, and these offers are becoming less and less frequent. Some contacts continue to share that they offer goods closer to the lower end of the reporting range to export customers in order to remain competitive. In last week's NASS dairy report, total lactose production in April 2024 was down 7.7% from March and 1.5% from April 2023.
The price range of food-grade lactose and non-pharmacological lactose is in FOB: $0.2300-0.4100/lb.; The concentrated trading range is FOB: 0.2850-0.3550 US dollars / lb.
Source: Rifeng Animal Husbandry
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