MD_DA650

     Nonfat Dry Milk - Eastern and Central U.S.

     Report 41 - Released on October 12, 2023

NOTICE: After October 16, 2023, all information found on this report will transition to a new PDF format. 
The same data will be collected and disseminated through AMS Marketing Analysis and Reporting 
Services (MARS) platform. The new pdf report can be accessed on the AMS website at:
https://www.ams.usda.gov/mnreports/ams_1049.pdf


     Central: Low/medium heat nonfat dry milk (NDM) market tones are in a somewhat bullish state
     despite quiet countryside market activity. Trading is steady, and prices have clearly
     shifted toward, and slightly higher than, $1.20/lb. In fact, expectations are not ending
     here. Some brokers say offers are already in the mid-$1.20s. The Texas-Mexico border
     gridlock is being brought up by more contacts, but this is a recent concern as Mexican
     buying interests are noted as steady to increasing. Condensed skim is available, but
     contacts note that October is typically a busy month regarding plant updating and
     maintenance. Therefore, some condensed skim loads are being diverted to alternate plants,
     while a number of processing facilities are running lighter-than-typical schedules. Market
     tones of low/medium heat NDM are bullish near-term. High heat NDM prices are steady, as
     market tones are quieter for the high heat variety.

     East: Eastern low/medium heat nonfat dry milk (NDM) prices moved higher this week, as market
     participants say supplies have tightened up and Q4 business is active. Some say end users
     are looking to secure more NDM loads ahead of potentially further bullish shifts, but the
     writing may be on the wall, as suppliers are hesitant to move anything below the $1.20 mark
     currently. Processing is up and down, with increased dryer and plant maintenance ongoing.
     High heat NDM prices are unchanged, but market tones are noted as 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:                 1.1200 - 1.2200
     Mostly Range - Low & Medium Heat; $/LB:                1.1700 - 1.2000


     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:                         1.2500 - 1.3300


     Information for the period October 9 - 13, 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