MD_DA650

     Nonfat Dry Milk - Eastern and Central U.S.

     Report 47 - Released on November 22, 2022

     Central: Low/medium nonfat dry milk (NDM) prices did not change during the shortened holiday
     week. CME prices have moved into the low $1.40s, while reported spot trades were generally
     in step with previous weeks, from the low to mid $1.40s for the most part on limited trading
     activity. Milk availability has grown in recent weeks. Despite a winter-like weekend in the
     Midwest, current and near-term forecasts are expected to maintain cow comfort at least for
     the week to come. Condensed skim availability has been more balanced, or slightly tight, for
     production in recent weeks. High heat NDM prices are unchanged on slower trading, as well.
     Market tones are uncertain.

     East: Reported Eastern trading of low/medium heat nonfat dry milk (NDM) was limited this
     week, but there were some prices from the Eastern region representing the low end of the
     range. Overall, prices are unchanged on the low, medium and high heat NDM price range and
     mostly series. Condensed skim availability is unchanged, but processing plants are varied on
     their upcoming scheduled days off. All said, market tones are awaiting direction moving into
     the final month of the year.
     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:                 1.3800 - 1.4900
     Mostly Range - Low & Medium Heat; $/LB:                1.4300 - 1.4600


     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:                         1.5700 - 1.6500


     Information for the period November 21 - 25, 2022, 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