MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 25 - Released on June 22, 2023

     The bottom end of the range and mostly price series for low/medium heat nonfat dry milk
     (NDM) had slight downward movement this week. Contracted commitments have steady to moderate
     pulls on supplies and some limited activity for securing loads for next year is reported.
     Spot market activity is somewhat steady to moderate. Market tones are comparatively firmer
     than the more bearish pressure on dry whey and dry buttermilk. Export demand is mixed.
     Activity from Mexican buyers has been mostly steady during Q2. Asian buyers are on the
     quieter end and purchasing more towards short term needs. Most parts of the region have
     steady milk production and low/medium heat NDM manufacturing is strong to steady. High heat
     NDM supplies are tighter. Some manufacturers are running only the shorter low/medium heat
     drying schedules or producing high heat NDM upon request only. Loads are available to
     accommodate steady high heat NDM demand. Bottom end high heat NDM prices slid down slightly.

     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:                 1.1100 - 1.2000
     Mostly Range - Low & Medium Heat; $/LB:                1.1200 - 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:                         1.2500 - 1.4000


     Information for the period June 19 - 23, 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