MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 24 - Released on June 11, 2020

     In the West, most spot prices for low/medium heat nonfat dry milk (NDM) are lower from last
     week. Now that prices have dropped, some NDM buyers are eager to buy in the spot market
     and/or establish contracts for Q3. The western NDM market appears to be transitioning from a
     firm status to a stable one as supply is virtually uniform with demand. The production of
     low/medium heat NDM is less active compared to the past couple of weeks as regional farm
     milk intakes are seasonally decreasing after the spring flush. In general, NDM inventories
     are more accessible is the cash market. Meanwhile, spot prices for high heat nonfat dry milk
     are steady to lower. Outside contracts, sales are very light as drying schedules are
     sporadic based on filling near-term contractual obligations. Inventories are reported as
     enough to cover contractual and spot needs.
     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:                 .8800 - 1.0625
     Mostly Range - Low & Medium Heat; $/LB:                .9800 - 1.0300


     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:                         1.0800 - 1.2000


     Information for the period June 8 - 12, 2020, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ANGEL TERAN-RAMOS, 6084228593
     Email: angel.teran@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