MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 21 - Released on May 25, 2023

     Prices for low/medium heat nonfat dry milk (NDM) moved higher on the bottom end of the
     range, while the mostly price series was unchanged. Low/medium heat NDM domestic demand is
     steady. Loads are moving well through contract avenues, and available supplies are
     accommodating current spot market demand. Market tones hold relatively steady as bearish
     pressure continues for some other commodities. Some industry sources note purchasing
     activity is somewhat focused on near term need. Export demand is mixed, and stakeholders
     relay Mexican importers to be towards the quieter side this week. Milk output is strong to
     steady, and low/medium heat NDM production is steady. High heat NDM production is limited,
     as some manufacturers are reportedly running only low/medium heat NDM drying schedules. Some
     stakeholders note high heat NDM inventories as tight. High heat NDM demand is steady. High
     heat NDM prices moved lower on both ends of the range. Variable price indices contributed to
     the bottom end price movement of the range for high heat NDM.
     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:                 1.1200 - 1.2100
     Mostly Range - Low & Medium Heat; $/LB:                1.1400 - 1.2000


     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:                         1.2500 - 1.4000


     Information for the period May 22 - 26, 2023, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     Andrew Mattheis, 608-422-8590
     Email: andrew.mattheis@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