Lactose - Central and West

     Lactose - Central and Western U.S.

     Report 44 - Released on October 29, 2020

     Lactose prices moved lower at the bottom of the price range and top of the mostly price
     series. Some manufacturers maintain that stocks are tight and mostly committed through the
     end of the year. However, buyers report receiving more offers at increasingly lower price
     points. Lactose production is steady to higher. Industry contacts suggest that demand has
     been solid for infant formula and standardization needs. But lactose that cannot meet the
     tight requirements for some market segments is becoming more difficult to sell. A few
     manufacturers think that confectionary business could be stifled this year with restrained
     fall and winter holiday festivities due to coronavirus concerns. Some processors and end
     users are beginning work on Q1 agreements to reduce a part of the supply, demand or price
     uncertainties within the market.

     Prices for: Central and Western U.S., Spot Sales And Up to 3 Month Contracts, F.O.B.,
     Conventional, and Edible Lactose
     Price Range - Non Pharmaceutical; $/LB:                .3500 - .6300
     Mostly Range - Non Pharmaceutical; $/LB:               .4500 - .5450

     Information for the period October 26 - 30, 2020, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592

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