MD_DA640

     Nonfat Dry Milk - Western U.S.

     Report 35 - Released on August 27, 2020

     The low/medium heat nonfat dry milk market has strengthened this week. In some areas,
     inventories are in good balance, while in other areas, they have tightened up. Market
     players report that low/medium heat nonfat dry milk outputs are lower due to some processors
     purposely drying less condensed skim, whereas others could not get enough due to limitations
     in milk volumes. Either way, the declines in production, coupled with growing requests, both
     domestically and internationally, have resulted in firmer prices. Bakers and the cheese
     manufacturers are taking consistent loads of NDM. This week, prices are higher at the top of
     the range and at the top of the mostly series. High heat nonfat dry milk prices are trending
     up at the top of the range. Outputs are limited and mainly used to fulfill contractual
     requirements. Spot demands are steady. The market tone is firmer this week.
     Prices for: Western U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Nonfat Dry Milk
     Price Range - Low & Medium Heat; $/LB:                 .9200 - 1.0550
     Mostly Range - Low & Medium Heat; $/LB:                .9500 - 1.0300


     Prices for: Western U.S., All First Sales, F.O.B., Extra Grade & Grade A, Conventional, and
     Edible Nonfat Dry Milk
     Price Range - High Heat; $/LB:                         1.0500 - 1.2000


     Information for the period August 24 - 28, 2020, issued weekly

     Secondary Sourced Information:

     Grade A nonfat dry milk price at the CME Group on Wednesday closed at $1.0200, up from last
     week's average price of $1.0005.
     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: florence.konegonzalez@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