MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 29 - Released on July 20, 2023

     Prices for low/medium heat nonfat dry milk (NDM) moved lower this week. Meanwhile on the
     CME, prices for low/medium heat NDM have moved higher by 1.75 cents since last Wednesday.
     Some contacts suggest this reflects the mixed market conditions. Industry participants
     report low/medium heat NDM warehouse inventories are ample and some sellers say they are
     offering loads at lower prices to entice spot purchasers. Domestic demand for low/medium
     heat NDM is light, though some contacts note an uptick in interest this week. Export demand
     is trending higher, as stakeholders report increased sales to Mexico. Milk output is
     declining in the region, following seasonal trends, and some stakeholders say this is having
     a negative impact on low/medium heat NDM production. Despite this, plant managers say they
     are focusing their production schedules on the shorter drying times of low/medium heat NDM.
     Some contacts report condensed skim milk volumes will not reach sufficient levels for them
     to dry high heat NDM until mid to late fall. Spot loads of high heat NDM are available,
     despite limited production. Prices for high heat NDM moved lower at the bottom of 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:                 1.0400 - 1.1500
     Mostly Range - Low & Medium Heat; $/LB:                1.0600 - 1.1400


     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:                         1.1850 - 1.3500


     Information for the period July 17 - 21, 2023, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ROMAN CARAMAN, 608-422-8593
     Email: roman.caraman@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