MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 10 - Released on March 09, 2023

     Demand for low/medium heat nonfat dry milk (NDM) is steady from both domestic and
     international purchasers in the West. Regional milk output is health and stakeholders say
     they anticipate volumes to increase as spring approaches. Current milk volumes are
     contributing to strong production of low/medium heat NDM, and stakeholders anticipate output
     to increase during spring flush. Contacts report loads of low/medium heat NDM are available
     for spot purchasing. Strong production and available spot loads have, reportedly,
     contributed to lower prices for low/medium heat NDM. Production of high heat NDM is limited,
     as plant managers are focusing their schedules on the shorter drying times of low/medium
     heat NDM. Stakeholders suggest this, along with steady demand, is contributing to tight spot
     availability. Though these bearish signs are present, lower prices for low/medium heat NDM
     are contributing to softening prices for high heat NDM in the region.

     DAIRY MARKET NEWS MONTHLY AVERAGES
     The February 2023 Dairy Market News monthly average for the West low/medium heat nonfat dry
     milk (NDM) mostly series is $1.2403 compared to $1.3315 a month ago. The average for Western
     high heat NDM is $1.4016 compared to $1.4649 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:                 1.1325 - 1.3000
     Mostly Range - Low & Medium Heat; $/LB:                1.1900 - 1.2600


     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:                         1.2825 - 1.4375


     Information for the period March 6 - 10, 2023, issued weekly

     Secondary Sourced Information:

     The CME Group monthly average price for Grade A nonfat dry milk during February was
     $1.2257, compared to $1.2279 a month ago.

     U.S. NDM Exports, H.S. Code 0402100000(FAS)
                      2023 Exports      % Change From
                      (Million Lb.)       1 Year Ago

     JANUARY Total       150.4               +  15

     TOTAL, JAN           150.4              +  15

      1 Mexico             80.5              +  75
      2 Philippines        17.9              -  38
      3 Indonesia          10.5              +  16
      4 Malaysia            6.8              -   4
      5 Colombia            6.6              + 100

     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