MD_DA710

     Dry Whole Milk - U.S.

     Report 21 - Released on May 23, 2019

     This week, national dry whole milk f.o.b. spot prices shifted higher on a bullish market
     undertone. For some industry participants, dry whole milk cash prices are likely to remain
     relatively high during the upcoming weeks, as butterfat values continue firming. Drying
     schedules for condensed milk are limited as several processors are prioritizing NDM/SMP
     output over dry whole milk. Nationwide, dry whole milk inventories are becoming less
     accessible in the spot market.
     Prices for: U.S., All First Sales, F.O.B., Conventional, and Edible Dry Whole Milk
     Price Range  - 26% Butterfat; $/LB:                    1.6500 - 1.7100


     Information for the period May 20 - 24, 2019, issued weekly

     Published by:
     Dairy Market News - Madison, WI
     ANGEL TERAN-RAMOS, 6084228593
     Email: angel.teran@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/