MD_DA650

     Nonfat Dry Milk - Eastern and Central U.S.

     Report 9 - Released on March 04, 2021

     CENTRAL: Low/medium heat nonfat dry milk (NDM) prices shifted higher in all facets. Traders
     report inquiries at the beginning of the week exhibited a market tone shift, and they were
     busy locating spot loads. That said, condensed skim drying has been steadily active
     throughout the year and there are supplies available, regionally. Still, end users have been
     more willing to budge when they need a load, or loads, to fulfill needs. Export interests
     from south of the border, which quieted in recent weeks, reportedly picked up again. High
     heat NDM prices are higher, on moderate trading activity. NDM market tones seem to have been
     renewed after some sluggish weeks.

     EAST: Eastern low/medium heat nonfat dry milk (NDM) prices shifted higher on the range and
     mostly series. Eastern end users have been notably more active since mid February and are
     more open to paying into the mid $1.10s and low $1.20s. Condensed skim availability has
     steadied, after months in late 2020 of ample availability. Still, NDM production rates are
     steadily active. High heat NDM prices shifted up, as the range tightened to a $.04 range,
     on light, albeit comparable, trading activity during week 9. NDM market tones are bullish,
     as domestic prices continue to rate as a value compared to international SMP prices.


     The DMN monthly average of the mostly price series for Central and East low/medium heat NDM
     during February was $1.1359, compared to $1.1674 in January.
     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:                 1.0500 - 1.2100
     Mostly Range - Low & Medium Heat; $/LB:                1.1300 - 1.1550


     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:                         1.2800 - 1.3200


     Information for the period March 1 - 5, 2021, issued weekly

     Secondary Sourced Information:

     The CME Group monthly average price for Grade A NDM during February was $1.1137, compared
     to $1.1808 in January.
     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