MD_DA650

     Nonfat Dry Milk - Eastern and Central U.S.

     Report 13 - Released on March 28, 2019

     EAST: Eastern markets for low/medium heat nonfat dry milk (NDM) shifted on the shoulders of
     spot sales and indices that reflect slightly lower pricing. With a degree of concern, some
     NDM suppliers suggest that the market is producing volumes at a much higher rate than
     volumes being moved, as a few NDM production facilities operate at/near full capacity. In
     general, NDM spot interest is moderate to flat. Contracted stock tends to help with support
     of inventory management. NDM shipping costs are a principal deterrent, holding back
     purchasing from processors in adjacent regions. High heat nonfat dry milk markets are tight
     to balanced. Because limited volumes are being produced, bids are being subjected to less-
     than-load purchases in some spot markets.
     CENTRAL: Low/medium heat nonfat dry milk (NDM) markets continue to feel soft. Current prices
     slid lower on all four sides of the price range and mostly series. At this time, spot trades
     are slower, but some market participants are purchasing at lower prices. Manufacturers are
     offering available spot loads. NDM drying is stable and inventories are steady to
     increasing. Regional low/medium NDM trades in some international markets have been somewhat
     bearish. High heat NDM prices are steady to a bit increased. Some high heat NDM operations
     suggest inventories and spot interest are in balance. The high heat market tone is fairly
     steady.
     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:                 .9200 - .9950
     Mostly Range - Low & Medium Heat; $/LB:                .9600 - .9800


     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:                         1.0500 - 1.1150


     Information for the period March 25 - 29, 2019, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     DANIEL JOHNSON, 608-422-8605
     Email: daniel.johnson@ams.usda.gov
     JESSICA MUELLER, 608-422-8589
     Email: jessica.mueller@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 (My Market News): https://mymarketnews.ams.usda.gov/