MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 24 - Released on June 15, 2023

     Prices for low/medium heat nonfat dry milk (NDM) moved down across all facets this week.
     Loads are moving steadily through contracted obligations, while spot market activity is
     moderate. Market tones are relatively firmer compared to more bearish pressure on dry whey
     and dry buttermilk. Export demand is mixed. Mexican buyers have exerted steady to moderate
     demand thus far in Q3. Overall export demand is focusing more on near-term needs during Q3.
     Milk production is steady in most parts of the region, and low/medium heat NDM manufacturing
     is reportedly strong to steady, as stakeholders relay some facilities are focusing powder
     production on NDM. High heat NDM inventories are tighter, with some manufacturers running
     only low/medium heat drying schedules. High heat NDM demand is steady, and loads are
     available to accommodate current demand. High heat NDM prices held firm.
     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:                 1.1200 - 1.2000
     Mostly Range - Low & Medium Heat; $/LB:                1.1300 - 1.1900


     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:                         1.2525 - 1.4000


     Information for the period June 12 - 16, 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