MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 35 - Released on August 29, 2019

     Western f.o.b. prices for low/medium heat nonfat dry milk (NDM) are trending up on both ends
     of the range while remaining steady on the mostly series. There was a little increase in
     market activity throughout the week. Some end users are locking in Q4 contracts. Buyers from
     Latin America and a few from Indonesia requested more loads of U.S. NDM. Domestic demand for
     low/medium heat NDM is mostly stable. Production is also flat. Low/medium heat NDM inventory
     levels have declined, but there are still enough on hand to cover all needs. High heat NDM
     prices have not changed from the prior week. The market tone is even, with spot sales
     remaining light. Contractual demands for high heat NDM are steady and are the driving force
     behind the quantity that processors are willing to produce. Inventories are limited.
     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:                 .9750 - 1.0800
     Mostly Range - Low & Medium Heat; $/LB:                1.0100 - 1.0500


     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:                         1.1500 - 1.2250


     Information for the period August 26 - 30, 2019, issued weekly

     Secondary Sourced Information:

     Grade A nonfat dry milk price at the CME Group on Wednesday closed at $1.0375, up from last
     week's average price of $1.0300.
     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