MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 39 - Released on September 26, 2019

     Western low/medium heat nonfat dry milk prices are mixed on the range, but are a bit up on
     the bottom of the mostly price series. Although price points are good for this time of the
     year, there are some contradictory feelings about the current state of sales. While some
     people state that demand is steady to strong, others say that buyers are using the wait and
     see approach. Generally, global sales are active. In the domestic market, the use of
     low/medium heat nonfat dry milk for cheese fortification is helping clear some of the
     stocks. However, current supplies vary from steady to tight depending on the manufacturer.
     Production is at a stable level. Western high heat nonfat dry milk prices are slightly up at
     the top of the range. The market tone is strong as reflected in the price tendency. While
     demand is good, supplies are barely enough to satisfy all spot needs. Production is
     intermittent.
     Prices for: Western U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Nonfat Dry Milk
     Price Range - Low & Medium Heat; $/LB:                 1.0175 - 1.1250
     Mostly Range - Low & Medium Heat; $/LB:                1.0500 - 1.0800


     Prices for: Western U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Nonfat Dry Milk
     Price Range - High Heat; $/LB:                         1.1600 - 1.2450


     Information for the period September 23 - 27, 2019, issued weekly

     Secondary Sourced Information:

     Grade A nonfat dry milk price at the CME Group on Wednesday closed at $1.1075, up from last
     week average price of $1.0720.
     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: florence.konegonzalez@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