MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 25 - Released on June 20, 2019

     Throughout the week, low/medium heat NDM price range and mostly series range haven't
     changed. Nevertheless, the market is showing some signs of weakness. Global sales are slower
     to materialize as some Mexican buyers compare U.S. prices to that of the EU skim milk powder
     (SMP). There is a resistance for prices at the top of the range. According to market
     participants, the U.S. NDM is pricier compared to the EU SMP. Low/medium heat NDM
     inventories are generally in good balance with sales, but in some cases they are tight.
     Production is ongoing, but declining due to lesser milk supplies in the West. High heat NDM
     prices are within the same range as the prior week. Inquiries for high heat NDM are higher
     than usual due to more requests coming from other regions. However, because of limited
     supplies, not all requests can be satisfied.
     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:                 1.0000 - 1.0975
     Mostly Range - Low & Medium Heat; $/LB:                1.0300 - 1.0700


     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 - 1.2550


     Information for the period June 17 - 21, 2019, issued weekly

     Secondary Sourced Information:

     At the GDT Event 238 on June 18, 2019 skim milk powder (SMP) prices across all contract
     periods averaged $1.0696 per pound, down 3.5 percent from the last event.

     Grade A nonfat dry milk price at the CME Group on Wednesday closed at $1.0450, down from
     last week average price of $1.0545.
     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/