MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 40 - Released on October 05, 2023

     In the West, prices for low/medium nonfat dry milk (NDM) moved higher on both ends of the
     range and mostly price series. Some stakeholders note slightly tighter inventories. That
     said, loads are available to accommodate current demand from spot market purchasers and
     contractual obligations. Domestic demand is steady. Mexican purchasers are showing steady
     demand as well. Export demand elsewhere is more moderate. Low/medium heat NDM production is
     steady to lighter. High heat NDM prices moved higher on both ends of the range.
     Manufacturers currently producing high heat NDM relay steady to lighter production
     schedules. A few manufacturers relay only short, intermittent high heat NDM production
     planned for Q4 of this year. Demand for high heat NDM is steady to moderate.

     The September 2023 Dairy Market News monthly average for the West low/medium heat nonfat dry
     milk (NDM) mostly series is $1.1008, compared to $1.1011 a month ago. The average for
     Western high heat NDM is $1.2855, compared to $1.2863 a month ago.
     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:                 1.1000 - 1.2100
     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:                         1.2600 - 1.3950


     Information for the period October 2 - 6, 2023, issued weekly

     Secondary Sourced Information:

     The CME Group monthly average price for Grade A nonfat dry milk during September was
     $1.1264, compared to $1.1075 a month ago.
     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