MD_DA650 Nonfat Dry Milk - Eastern and Central U.S. Report 32 - Released on August 11, 2022 Central: Low/medium heat nonfat dry milk (NDM) prices shifted lower at every facet excepting the top of the range this week. The top of the range held likely due to index based trading, but general spot trading activity is succumbing to limited export demand and more aggressive pushes from manufacturers to clear some stocks. Mexican demand has been somewhat quiet this summer. Cheesemakers in the region continue to report spot milk at discounts and therefore are less likely to require as much NDM to fortify. Even high heat nonfat dry milk has become more available, despite being generally tight for a vast majority of the year. High heat NDM prices shifted much lower on the bottom of the range, and contacts expect further drops in upcoming weeks. Condensed skim availability is unchanged, but contacts still say slight premiums are the norm. East: Spot trading of low/medium heat nonfat dry milk (NDM) in the Eastern region was on par with the Central region this week, but trading in general was quite slow as prices decreased at nearly all points. End users in the East are opting for WPC 34% when possible, which is also experiencing similar bearish pressure, but at a comparative value for those who can use loads interchangeably. Condensed skim is steadily available for production. Brokers have reported that producers are less hesitant to entertain bids at the lower end of the range, particularly when CME prices have moved as low as middle-high $1.40s. High heat NDM prices maintained on the top end, but some spots were reported at well under prices from recent weeks. All said, current market tones are under bearish pressure. 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: 1.5500 - 1.7400 Mostly Range - Low & Medium Heat; $/LB: 1.6000 - 1.6500 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: 1.7000 - 1.8975 Information for the period August 8 - 12, 2022, issued weekly Secondary Sourced Information: U.S. NDM Exports, H.S. Code 0402100000(FAS) 2022 Exports % Change From (Million Lb.) 1 Year Ago JUNE Total 152.6 - 14 TOTAL, JAN - JUNE 939.3 - 8 1 Mexico 354.6 - 5 2 Philippines 139.5 + 18 3 Indonesia 92.5 - 2 4 Malaysia 68.8 + 52 5 China 60.1 + 3 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