MD_DA650

     Nonfat Dry Milk - Eastern and Central U.S.

     Report 8 - Released on February 21, 2019

     CENTRAL: Low/medium heat nonfat dry milk (NDM) prices were mixed this week, as markets were
     somewhat quiescent. As Central region prices in recent weeks have made their above $1, this
     week, $.98 and $.99 trades were more heavily reported. Production is expected to increase as
     a number of contacts relay condensed skim markets are about to open up. Producers say demand
     has backed off slightly. Although a number of contacts suggest Mexican buying has slowed,
     some sellers suggest they are still sending block volumes to the border. High heat NDM
     markets remained slower in the Central region. High heat demand is present, but spot
     inventories remain light. NDM market tones lack certainty.
     EAST: The low/medium heat nonfat dry milk price range and mostly price series both widened a
     bit, deciphering a mixed market condition. The manufacturing of low/med heat NDM is ongoing,
     but focuses on the fulfillment of current needs. Spot transactions are lower as buyers wait
     to see the direction of the market. Supplies of low/med heat NDM are stable to increasing,
     and processors are looking for additional sale opportunities wherever they can find them.
     High heat NDM spot prices are stable, but inventories are very tight. Demand is also weaker,
     keeping a good balance between sales and offerings. Production of high heat NDM is
     intermittent and based on contractual orders.
     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:                 .9600 - 1.0275
     Mostly Range - Low & Medium Heat; $/LB:                .9800 - 1.0100


     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:                         1.0700 - 1.1300


     Information for the period February 18 - 22, 2019, issued weekly

     Secondary Sourced Information:

     Wednesday at the CME Group, Grade A NDM closed at $0.9875, down from last week's weekly
     average price of $0.9925.
     Published by:
     Dairy Market News - Madison, WI
     FLORENCE KONE-GONZALEZ, (608)422-8594
     Email: Florence.KoneGonzalez@ams.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 (MyMarketNews): https://mymarketnews.ams.usda.gov/
     DMN Database Portal: https://www.marketnews.usda.gov/mnp/da-home