MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 8 - Released on February 23, 2023

     Demand for low/medium heat nonfat dry milk (NDM) is steady in domestic markets. Ebbing
     prices for skim milk powder in international markets have, reportedly, contributed
     negatively for export demand for low/medium heat NDM. Prices for low/medium heat NDM have
     moved lower across the range and mostly price series. Spot purchasers say low/medium heat
     NDM inventories are available for purchasing. Milk production is strong in the region, and
     drying operations are utilizing available supplies to operate busy schedules. Some plant
     managers say strong volumes and high energy input costs are causing them to limit their
     production of high heat NDM. Demand for high heat NDM is steady, though spot inventories
     remain tight. The bottom of the high heat NDM price range followed low/medium heat NDM
     prices lower this week, while current market conditions have enabled the top of the range to
     remain unchanged.
     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:                 1.1825 - 1.3400
     Mostly Range - Low & Medium Heat; $/LB:                1.2200 - 1.2825


     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:                         1.3325 - 1.4875


     Information for the period February 20 - 24, 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