MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 13 - Released on March 28, 2019

     The low/medium heat nonfat dry milk (NDM) market tone is softer this week. Prices decreased
     on the range while remaining flat on the mostly series. Demand is following a somewhat
     downward trend for some sellers, whereas it is steady for others. There is a good volume of
     low/medium heat NDM available in the market. Therefore, some buyers are not hastening to
     purchase as they expect supplies to remain long for a while, with the possibility of lower
     prices. In the meantime, manufacturers are eagerly waiting for the baking season and spring
     festivities to increase their sale volumes. The processing of low/medium heat NDM is active
     throughout the West. The high heat NDM market is following the same trend as the previous
     week. Prices dropped a tad at the top of the range, but demand and supplies are steady.
     Contract fulfillment is still the prevailing reason for the requests of high heat NDM.
     Production schedules remain scarce.
     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:                 .9050 - 1.0000
     Mostly Range - Low & Medium Heat; $/LB:                .9400 - .9800


     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:                         1.0500 - 1.1400


     Information for the period March 25 - 29, 2019, issued weekly

     Secondary Sourced Information:

     Grade A nonfat dry milk price at the CME Group on Wednesday closed at $.9625, up from last
     week's weekly average price of $.9605.
     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: Florence.KoneGonzalez@ams.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/