MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 48 - Released on November 29, 2018

     Western low/medium heat nonfat dry milk (NDM) production was very heavy during the past
     holiday weekend as most balancing plants were running at full capacity. However, this week,
     NDM output has plateaued somewhat. At this point, NDM inventories are highly committed thru
     contractual needs, thus, are becoming less available in the f.o.b. spot market. This is
     reflected by upward pricing trends during this week. Cash prices for western low/medium heat
     nonfat dry milk (NDM) shifted up on the range and are steady to slightly higher on the
     mostly range. Futures values for the remainder of Q4 and Q1 inched up, too. International
     demands from Mexico and Asia are still strong, while the domestic interest from bakers and
     cheese makers is robust ahead of the year-end holiday needs. Meanwhile, prices for high heat
     NDM are also higher this week, shadowing low/medium NDM upward pricing movements. Buyer
     interest for high heat NDM is active, especially from the confectionary industry. Production
     is sporadic, driven by contractual needs. High heat NDM supplies are less available in the
     regional spot market.
     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:                 .8350 - .9600
     Mostly Range - Low & Medium Heat; $/LB:                .8800 - .9300


     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:                         1.0200 - 1.0950


     Information for the period November 26 - 30, 2018, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ANGEL TERAN-RAMOS, 6084228593
     Email: angel.teran@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home