MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 39 - Released on September 28, 2023

     Prices for low/medium nonfat dry milk (NDM) moved higher across all facets of the range and
     mostly price series in the West. Although some manufacturers note tighter inventories
     compared to recent weeks, loads are available to accommodate current spot market demand.
     Domestic demand is steady. Export demand is mixed. Some stakeholders suggest that Mexican
     purchasers have remained active throughout Q3, while others report only recently improved
     demand from Mexican buyers. Industry sources indicate recent upticks in demand from Asian
     purchasers. Low/medium heat production schedules are steady to lighter. High heat NDM prices
     moved higher on both ends of the range. Some manufacturers report light, intermittent high
     heat production schedules planned for the remainder of 2023. That said, some other
     manufacturers relay steady production schedules. Demand for high heat NDM is steady to
     moderate.
     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:                 1.0800 - 1.2000
     Mostly Range - Low & Medium Heat; $/LB:                1.1000 - 1.1700


     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:                         1.2200 - 1.3900


     Information for the period September 25 - 29, 2023, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     Andrew Mattheis, 608-422-8590
     Email: andrew.mattheis@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