MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 25 - Released on June 23, 2022

     In the West, the price range and mostly price series for low/medium heat nonfat dry milk
     (NDM) slid lower this week. Contacts report that domestic demand is steady to lower, as some
     spot purchasers have become hesitant to purchase at current prices. Export demand for
     low/medium heat NDM has also declined. Contacts report that purchasers in Mexico are
     reducing their orders. Spot loads of low/medium heat NDM are available in the region.
     Condensed skim is available for drying operations to run busy schedules, though delays to
     load deliveries are preventing some plant managers from running full schedules. Production
     of high heat NDM is limited as drying schedules are focused on the shorter drying times of
     low/medium heat NDM. The price range for high heat NDM moved lower this week, in line with
     low/medium heat NDM. Lower prices at the bottom of the range were sales based on variable
     contract pricing. Spot purchasers say that high heat NDM inventories remain tight, and that
     demand is unchanged.
     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:                 1.7900 - 1.8950
     Mostly Range - Low & Medium Heat; $/LB:                1.8100 - 1.8600


     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:                         1.9300 - 2.0500


     Information for the period June 20 - 24, 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