MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 16 - Released on April 20, 2023

     Prices for low/medium fat dry milk (NDM) moved higher on the bottom end of the range and
     mostly price series but declined on the top end of the range. Domestic demand for low/medium
     heat NDM is steady. Inventory is available to accommodate current spot load demand for low/
     medium heat NDM. Contract sales are steady, but some contacts note sentiments of hesitation
     from purchasers to add additional loads. Export demand had an uptick in activity from Asian
     purchasers, but export demand is moderate overall. Milk production is strong, and low/medium
     heat NDM production is reported as steady by contacts. Production of high heat is limited as
     plant managers report focusing drying schedules on the shorter drying times of low/medium
     heat NDM. Spot inventories of high heat NDM are tight, with steady demand outpacing
     production. Lower prices on variable indexes contributed to high heat price movement
     declining across the range.
     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:                 1.0900 - 1.2050
     Mostly Range - Low & Medium Heat; $/LB:                1.1200 - 1.1700


     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:                         1.2300 - 1.3925


     Information for the period April 17 - 21, 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