MD_DA650

     Nonfat Dry Milk - Eastern and Central U.S.

     Report 20 - Released on May 16, 2019

     Central: Low/medium heat nonfat dry milk (NDM) prices saw a marked jump on the top of the
     range, and a slighter uptick on the top of the mostly price series. Even as prices shifted
     up on the spot market, trading was not as busy as some expected following a large dairy
     industry conference last week. Producers suggest recently produced inventories are scant,
     and brokers/buyers have passed along similar sentiment. As condensed skim supplies remain
     available, producers are attempting to add more drying in light of the improved market
     prices. Mexican buying remains a positive factor for the steady/bullish markets, as some
     block purchases were reportedly heading to the border from Midwestern producers.
     Interestingly, feed grade NDM purchases were reported, and even those trades are nearing the
     $1 mark. High heat NDM is tight, as per usual. As most high heat NDM production is
     contractually based, spot markets are slow and spot inventories are scarce. NDM market
     tones, although CME prices tapped on the brakes this week, are generally healthy.
     East: Low/medium heat nonfat dry milk market prices continue to heighten. Trading activities
     are currently quieter than last week. However, some market participants are willing to
     purchase spot loads at increased prices. Production schedules are fairly steady in the
     region. Inventories are available for contract needs, but a bit limited for spot requests.
     Market conditions are stable. High heat nonfat dry milk prices have increased on both sides
     of the price range. Drying time is irregular in manufacturers' operations. Supplies are
     tight and spot offers are limited. Buyers are paying for loads at increased prices this
     week. The market tone is firm.
     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:                 1.0000 - 1.1000
     Mostly Range - Low & Medium Heat; $/LB:                1.0200 - 1.0600


     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:                         1.1450 - 1.2000


     Information for the period May 13 - 17, 2019, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     JESSICA MUELLER, 608-422-8589
     Email: jessica.mueller@usda.gov
     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/