MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 32 - Released on August 10, 2023

     In the West, prices for low/medium heat nonfat dry milk (NDM) moved higher across all facets
     of the range and mostly price series. Demand is moderate domestically. Loads are available
     to accommodate current demand from spot purchasers. Although some stakeholders relay a
     moderate increase in interest from Mexican buyers, export demand is on the lighter side.
     Heat levels throughout the region have negatively impacted milk production, and handlers
     relay milk components are seasonally trending down. However, some manufacturers report
     drying schedules stay focused on low/medium heat NDM. High heat NDM prices moved higher on
     the bottom end and were unchanged on the top end of the range. Demand is moderate. Some
     manufacturers indicate a start of high heat NDM production earlier than Q4. Loads are
     available to meet current demand.

     The July 2023 DMN monthly average for the West low/medium heat nonfat dry milk (NDM) mostly
     series is $1.1113, compared to $1.1576 a month ago. The average for Western high heat NDM is
     $1.2746, compared to $1.3218 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:                 1.0400 - 1.1700
     Mostly Range - Low & Medium Heat; $/LB:                1.0800 - 1.1500


     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:                         1.2200 - 1.3500


     Information for the period August 7 - 11, 2023, issued weekly

     Secondary Sourced Information:

     The CME Group monthly average price for Grade A NDM during July was $1.1164, compared to
     $1.1488 in June.
     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