MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 17 - Released on April 25, 2019

     The price tendency for western low/medium heat nonfat dry milk is firming up. This week,
     f.o.b. prices moved up across both ends of the range and the mostly price series. Some
     industry participants report not understanding the reason behind the strength in the
     low/medium heat nonfat dry milk market. Typically, prices are lower around this time of the
     year due to higher availability and production, but so far this year seems to be an
     exception. Spot sale activities are solid domestically as well as internationally. The
     upsurge in prices has prompted Mexican buyers to reenter the market as they look for ways to
     hedge the possibility of further uptick. Meanwhile, inventories of low/medium heat nonfat
     dry milk continue to somewhat build up. Production schedules are busy as the spring flush
     takes place in many parts of the West. High heat nonfat dry milk prices are following an
     upward trend. Supplies have tightened up a bit more this week. Output continues to be
     destined for contract fulfillment, leaving little availability for spot requests.
     Altogether, the market is solidifying.
     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:                 .9475 - 1.0750
     Mostly Range - Low & Medium Heat; $/LB:                .9900 - 1.0200


     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:                         1.1200 - 1.2000


     Information for the period April 22 - 26, 2019, issued weekly

     Secondary Sourced Information:

     U.S. NDM Exports, H.S. Code 0402100000(FAS)
                      2019 Exports      % Change From
                      (Million Lb.)       1 Year Ago

     FEBRUARY Total       121.6              - 17

     TOTAL, JAN-FEB       230.5              - 10
     1 Mexico             120.8              + 17
     2 Philippines         32.3              + 35
     3 Vietnam             17.0              - 19
     4 Indonesia           13.5              - 50
     5 Colombia             6.9              + 32
     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/