MD_DA650

     Nonfat Dry Milk - Eastern and Central U.S.

     Report 12 - Released on March 23, 2023

     Central: Low/medium heat nonfat dry milk (NDM) prices shifted lower across the range and
     mostly series. Regional and import buyers are aware of the widely available amounts of
     condensed milk being reported week in week out. Production is, therefore, regular and
     consistent. Dryers suggest offers of condensed skim are flowing in, and pricing is favorable
     for ample production. End users who can interchange protein uses are finding high protein
     whey protein concentrates at a value, therefore market sentiment is somewhat bearish. High
     heat NDM prices slipped on the top of the range, during a slow trading week.

     East: Eastern low/medium heat nonfat dry milk (NDM) prices slipped lower this week. Spot
     market activity was somewhat quiet, as customer interests have ebbed in recent weeks.
     Inventories are far from tight, and domestic end users are aware of that. In the East,
     though, contacts continue to point out disruptions at the plant level, as milk handlers
     offer plentiful condensed skim volumes. High heat NDM prices slipped on the top end of the
     range, although trading is and has been somewhat quiet for most of March. NDM market
     sentiment is somewhat bearish, as prices continue to move closer to a potential basement.
     Prices for: Eastern and Central U.S., All First Sales, F.O.B., Extra Grade & Grade A,
     Conventional, and Edible Nonfat Dry Milk
     Price Range - Low & Medium Heat; $/LB:                 1.1500 - 1.2300
     Mostly Range - Low & Medium Heat; $/LB:                1.1700 - 1.2100


     Prices for: Eastern and Central U.S., All First Sales, F.O.B., Extra Grade & Grade A,
     Conventional, and Edible Nonfat Dry Milk
     Price Range - High Heat; $/LB:                         1.3100 - 1.3700


     Information for the period March 20 - 24, 2023, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@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