MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 34 - Released on August 22, 2019

     In the West, low/medium heat nonfat dry milk (NDM) free on board spot prices are unchanged
     on light to moderate trading. For most industry participants, the NDM cash market seems to
     be in balance, which is reflected in a stagnation of price variability during this week.
     Having said this, the current regional NDM supply is generally even with the immediate
     demands from buyers and end users. At this point, a large portion of NDM supplies is highly
     committed thru future contracts for the rest of the year. Nevertheless, NDM inventories are
     enough to cover most needs in the spot market. Requests from the bakery industry are good as
     the fall/winter baking season approaches. In the same fashion, inquiries from cheese makers
     are hearty as the NDM usage for cheese fortification remains active. Drying schedules for
     condensed skim milk are ongoing but are considerably lower compared to the past spring flush
     season. Spot prices for high heat NDM are steady with no noticeable changes on the market
     from the previous week. Production is sporadic, mostly dictated by contractual requirements.
     However, buyers are not having major difficulties finding some loads in the spot market.
     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:                 .9700 - 1.0750
     Mostly Range - Low & Medium Heat; $/LB:                1.0100 - 1.0500


     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:                         1.1500 - 1.2250


     Information for the period August 19 - 23, 2019, 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