MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 9 - Released on February 27, 2020

     Western low/medium heat nonfat dry milk (NDM) prices have declined on the range and on the
     mostly series. Several sellers have limited their purchases to what is necessary in the
     short-term, in anticipation that prices will likely further decrease. The fear of the
     coronavirus has created some issues with shipments, as well as an additional slowdown in
     sale volumes. Low/medium heat NDM production is increasing because of growing milk output in
     the West. Inventories are trending a bit higher, but remain manageable. High heat NDM prices
     are down on the range. Production is irregular, whereas supplies have tightened. Sales are
     generally on contracts.
     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:                 1.0900 - 1.2500
     Mostly Range - Low & Medium Heat; $/LB:                1.1500 - 1.2000


     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:                         1.2400 - 1.3600


     Information for the period February 24 - 28, 2020, issued weekly

     Secondary Sourced Information:

     Grade A nonfat dry milk price at the CME Group on Wednesday closed at $1.1000, down from
     last week's average price of $1.1856.
     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: florence.konegonzalez@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