MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 29 - Released on July 21, 2022

     Domestic demand for low/medium heat nonfat dry milk (NDM) is steady in the West, though
     export demand has continued to soften. Contacts say that declining prices for skim milk
     powder at recent Global Dairy Trading (GDT) events have contributed to declining
     international interest for NDM. Amid lighter demand, the price range and mostly price series
     for low/medium heat NDM have slid lower this week. Meanwhile, market prices for NDM have
     fallen by 5 cents, on the CME, since last Wednesday. Loads of low/medium heat NDM are
     available for spot purchasing. Despite seasonal declines in milk production, condensed skim
     remains available for drying operations. Production of low/medium heat NDM is unchanged;
     plant managers say labor shortages continue to limit their ability to run full schedules.
     Drying operation schedules are being focused on the shorter drying time of low/medium heat
     NDM, limiting high heat production. Demand for high heat NDM is limited, and spot
     inventories are tight. The high heat NDM price range slid lower this week, in sync with
     low/medium heat NDM prices.
     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:                 1.6500 - 1.7850
     Mostly Range - Low & Medium Heat; $/LB:                1.6800 - 1.7600


     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:                         1.7900 - 1.9400


     Information for the period July 18 - 22, 2022, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ROMAN CARAMAN, 608-422-8593
     Email: roman.caraman@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