MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 5 - Released on February 02, 2023

     Domestic demand for low/medium heat nonfat dry milk (NDM) remains soft in the West. Demand
     for export loads of low/medium heat NDM is steady to higher. Some stakeholders relay
     increased interest from traders in Mexico this week. While low/medium heat NDM markets
     remain bearish, some contacts are hopeful this could reduce some downward pressure on
     markets in the coming weeks. Spot loads of low/medium heat NDM are available for purchasing.
     Available inventories and lighter domestic demand have contributed to lower prices across
     the West low/medium heat NDM range and mostly price series this week. Low/medium heat NDM
     production is steady as milk remains available in the region. Strong milk availability and
     high input costs are causing some plant managers to limit their high heat NDM production.
     Demand for high heat NDM is steady and spot inventories remain limited. The price range for
     high heat NDM moved lower, as lower prices for low/medium heat NDM continue to put downward
     pressure on high heat.
     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:                 1.1100 - 1.4375
     Mostly Range - Low & Medium Heat; $/LB:                1.1600 - 1.2700


     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:                         1.3150 - 1.4575


     Information for the period January 30 -  February 3, 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