MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 26 - Released on June 25, 2020

     This week, western low/medium heat nonfat dry milk (NDM) prices are slightly higher on the
     range, but steady on the mostly series. Market conditions for NDM are generally stable, like
     the previous week. With the summer season starting, farm milk volumes are becoming less
     accessible for drying. As so, NDM production is less active, while NDM stock levels are
     steady to lower in several plants. As reported by some NDM manufacturers, NDM spot sales are
     slow this week as several industry participants are focusing on finalizing contract
     negotiations for Q3 rather than selling on the cash market. High heat nonfat dry milk prices
     are unchanged from the previous week. Production is irregular, based on contractual needs,
     while inventories are mostly in balance with contractual and immediate 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:                 .9100 - 1.0825
     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 - 1.2100


     Information for the period June 22 - 26, 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