MD_DA650

     Nonfat Dry Milk - Eastern and Central U.S.

     Report 4 - Released on January 23, 2020

     CENTRAL: Low/medium heat nonfat dry milk (NDM) prices shifted higher on the bottom of the
     range and both ends of the mostly series. Trading was active. There are some expectations
     that market trades will slow down next week during some large industry conferences, but this
     week powder markets were active, regionally. Condensed skim is easy to locate and as long as
     powder markets maintain their current strength, production will remain active. Some end
     users suggest their options are limited, because WPC 34% and other high protein markets are
     firming, also. High heat prices dipped on the bottom of the range, while maintaining the top
     of the range. Overall, NDM market tones are bullish.
     EAST: Low/medium heat nonfat dry milk (NDM) prices are mostly higher. The top end of the
     price range remained unchanged. Spot trading is fairly stable in the domestic market. There
     are reports export interest has grown and could potentially tighten the market. Low/medium
     heat NDM market conditions are strengthening. High heat prices are mostly unchanged.
     Manufacturers’ inventories are limited. A few operations have spots available priced at the
     higher end of the range.
     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:                 1.2300 - 1.3200
     Mostly Range - Low & Medium Heat; $/LB:                1.2500 - 1.2900


     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:                         1.2700 - 1.3800


     Information for the period January 20 - 24, 2020, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ISRAEL WEBER, 608-422-8601
     Email: israel.weber@usda.gov
     JESSICA MUELLER, 608-422-8589
     Email: jessica.mueller@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