MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 31 - Released on July 30, 2020

     In the West, low/medium heat nonfat dry milk prices are lower on the range, but steady on
     the mostly series. International sale volumes, especially those to Mexico, are steady.
     According to industry participants, they are also close to historical numbers. Domestic
     demands, on the other hand, are active. Production and supplies are stable. Cheese
     processors are still using low/medium heat nonfat dry milk for fortification. The market
     tone for low/medium heat nonfat dry milk seems to be weakening. Uncertainties related to
     COVID-19 could be affecting buyers' decisions. High heat nonfat dry milk prices are trending
     down at the top of the range. Demands are mainly unchanged. Buyers have started to look for
     ways to prepare for the fall baking season. High heat nonfat dry milk production is done as
     needed to primarily satisfy contracted obligations. Inventories remain tight.





     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:                 .9350 - 1.0650
     Mostly Range - Low & Medium Heat; $/LB:                .9800 - 1.0300


     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:                         1.0800 - 1.1950


     Information for the period July 27 - 31, 2020, issued weekly

     Secondary Sourced Information:

     Grade A nonfat dry milk price at the CME Group on Wednesday closed at $.9925, down from
     last week's average price of $0.9925.
     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