MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 52 - Released on December 29, 2021

     In the West, the price range for low/medium heat nonfat dry milk (NDM) is unchanged this
     week. The mostly price series shifted higher on both ends of the range. Strong demand for
     low/medium heat NDM is present in domestic markets, while international demand is declining.
     Market prices for NDM have fallen by 2.25 cents, on the CME, since last Wednesday.
     Inventories of low/medium heat NDM are tight in the region. Contacts say extreme weather in
     parts of the region and a shortage of truck drivers are causing delays to deliveries of
     loads. Production of low/medium heat NDM is steady to lower in the region as labor shortages
     continue to cause some plant managers to run reduced schedules. Production of high heat NDM
     is limited, while drying operations are focusing their time on low/medium heat NDM and skim
     milk powder. The price range for high heat NDM has tightened this week, amid limited
     trading. Spot inventories of high heat NDM are tight, but in balance with current market
     demands.
     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:                 1.5450 - 1.6800
     Mostly Range - Low & Medium Heat; $/LB:                1.6000 - 1.6500


     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:                         1.7100 - 1.7800


     Information for the period December 27 - 31, 2021, 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