MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 6 - Released on February 10, 2022

     Low/medium heat nonfat dry milk (NDM) prices moved higher at the bottom of the range, while
     the top of the range is unchanged. Both ends of the mostly price series shifted higher, in
     the West, this week. Market prices for NDM have moved 6.75 cents higher on the CME, since
     last Wednesday. Domestic demand for low/medium heat NDM is steady. International demand is
     strengthening; purchasers from Mexico are, reportedly, buying loads in advance of late Q1
     and early Q2 needs. Spot purchasers say that availability is unchanged. Port congestion and
     a shortage of available truck drivers are causing delays to load deliveries throughout the
     region. Low/medium heat NDM production is steady, but below capacity. Plant managers say
     that milk is available for production, but that delayed deliveries of production supplies
     and labor shortages are preventing them from running busier schedules. Production of high
     heat NDM is limited, as drying operations focus on the production of low/medium heat. Demand
     for high heat NDM is steady, while spot inventories remain tight. The price range for high
     heat NDM is unchanged at the bottom, though the top has shifted 1 cent higher.


     The January 2022 Dairy Market News monthly average for the West low/medium heat nonfat dry
     milk mostly series is $1.7090 compared to $1.1632 a year ago. The average for Western high
     heat nonfat dry milk is $1.8909 compared to $1.2891 a year 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:                 1.7650 - 1.9250
     Mostly Range - Low & Medium Heat; $/LB:                1.8000 - 1.8500


     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:                         1.9250 - 2.0450


     Information for the period February 7 - 11, 2022, issued weekly

     Secondary Sourced Information:

     CME GROUP MONTHLY AVERAGES
     The CME Group monthly average price for Grade A nonfat dry milk during January was $1.7640,
     compared to $1.6290 a month ago, and $1.1808 a year ago.
     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@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