Lactose - Central and West

     Lactose - Central and Western U.S.

     Report 24 - Released on June 14, 2018

     While the lactose price range is unchanged, the lactose mostly price series moved higher.
     Current spot prices are trending higher. In addition, industry contacts report Q3 contracts
     are getting settled, often at prices above those for Q2. Buyer response to the offers has
     been mixed. While some buyers are not balking at the new price levels, others are hesitant.
     In some cases, end users have adequate supplies and want to wait it out, watching market
     signals to see if the current roseate view of the lactose market will sustain itself or fade
     over time. However, some manufacturers argue that the price increases are well-justified.
     Inventories are tight, and processors say they have had to slide some Q2 shipments into
     July. Processors feel it may be some time before they are able to catch up on shipping
     schedules. Production has been mostly steady, but unable to keep up with demand. A few
     manufacturers report working through maintenance and repair issues. Other processors say
     that restructuring production focus may limit the amount of lactose they have available for
     the next few months.
     Prices for: Central and Western U.S., Spot Sales And Up 3 Month Contracts, F.O.B.,
     Conventional, and Edible Lactose
     Price Range - Non Pharmaceutical; $/LB:                .1800 - .3900
     Mostly Range - Non Pharmaceutical; $/LB:               .2400 - .3200

     Information for the period June 11 - 15, 2018, issued weekly

     Secondary Sourced Information:

     U.S. Lactose Exports, H.S. Code 1702110000(FAS)
                      2018 Exports      % Change From
                      (Million Lb.)       1 Year Ago

     April Total              66.0           + 31

     TOTAL, JAN - APR        235.8           + 24
      1 China                 53.6           + 74
      2 New Zealand           35.2           + 36
      3 Mexico                32.4           + 3
      4 Japan                 23.4           + 44
      5 Indonesia             12.1           - 13
     Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592

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