MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 24 - Released on June 17, 2021

     Low/medium heat nonfat dry milk (NDM) prices, in the West, moved higher at the bottom of the
     range this week, while holding steady at the top. The top of the mostly price series moved
     higher, while the bottom held steady. International demand for low/medium heat NDM is,
     reportedly, picking up. Domestic demand is holding steady. Port congestion is continuing to
     cause delays to international shipments. Loads intended for domestic markets are also facing
     delays due to a shortage of truck drivers. Low/medium heat inventories are available for
     spot purchases. With plenty of milk available, in the region, dryers are running full
     schedules. Prices for high heat NDM held steady this week. High heat NDM inventories remain
     light, but available to meet the limited demand. Production of high heat NDM is sparse, as
     contacts prefer the shorter drying times of low/medium 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:                 1.2450 - 1.3525
     Mostly Range - Low & Medium Heat; $/LB:                1.2700 - 1.3400


     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:                         1.3900 - 1.4875


     Information for the period June 14 - 18, 2021, issued weekly

     Secondary Sourced Information:

     CME CLOSE
     Grade A nonfat dry milk price at the CME Group on Wednesday closed at $1.2650, down from
     last week's average price of $1.2970.
     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