MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 21 - Released on May 26, 2022

     Prices for low/medium heat NDM have moved higher across the range and mostly price series
     this week. Since last Wednesday, CME prices for NDM have increased by 9.75 cents. Some
     market participants postulate that the recently released NASS Milk Production report may
     have contributed some bullishness to the market as output was below production estimates.
     Demand for low/medium heat nonfat dry milk (NDM) is trending higher in the West, as contacts
     note an increase in inquiries from both domestic and international customers. Sales of
     low/medium heat NDM for export to Mexico have, reportedly, increased this week. Spot sellers
     say that inventories are steady, and they are quickly selling loads of low/medium heat NDM
     when they become available. Low/medium heat NDM production is steady, as drying operations
     are running busy schedules. Plant managers say that labor shortages and delayed deliveries
     of production supplies are preventing them from running full schedules. Production of high
     heat NDM is limited as drying schedules are focused on the production of low/medium heat
     NDM. The price range for high heat NDM has shifted upwards this week. Stakeholders say that
     demand for high heat NDM is trending higher and that spot inventories are tightening.
     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:                 1.7125 - 1.8550
     Mostly Range - Low & Medium Heat; $/LB:                1.7400 - 1.8100


     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:                         1.8425 - 2.0200


     Information for the period May 23 - 27, 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