MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 39 - Released on September 24, 2020

     Western low/medium heat nonfat dry milk prices have increased on the range and on the mostly
     series. Some sellers report receiving more than usual inquiries from Southeast Asia and
     Mexico. According to them, this is because U.S. low/medium heat nonfat dry milk is currently
     among the least expensive in the global market. Domestic sales are unchanged from a week
     ago. Low/medium heat nonfat dry milk stocks are adequate to limited. There have been reports
     of younger inventories compared to the past months. Low/medium heat nonfat dry milk
     production is active. Overall, the market undertone is strengthening. High heat nonfat dry
     milk prices are higher at the top of the range. Production remains intermittent, whereas
     supplies are tight. Sales are steady.
     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:                 .9975 - 1.1275
     Mostly Range - Low & Medium Heat; $/LB:                1.0300 - 1.0800


     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:                         1.1000 - 1.2575


     Information for the period September 21 - 25, 2020, issued weekly

     Secondary Sourced Information:

     Grade A nonfat dry milk price at the CME Group on Wednesday closed at $1.0850, up from last
     week's average price of $1.0595.
     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