MD_DA710

     Dry Whole Milk - U.S.

     Report 4 - Released on January 23, 2020

     National dry whole milk spot prices are mixed this week. In order to clear some inventories,
     some processors sold a few dry whole milk loads, from Q2, 2019 production, at discounted
     prices, which pulled down the low end of the pricing range. However, the market remains on a
     stable tone, according to most industry participants. This week, spot sales activity is
     light to moderate, while production is sporadic, mainly driven by contractual pledges. Some
     processors expect to increase drying schedules ahead of the upcoming baking season needs.
     Inventories are mostly in balance with most contractual and immediate buyer needs.
     Prices for: U.S., All First Sales, F.O.B., Conventional, and Edible Dry Whole Milk
     Price Range  - 26% Butterfat; $/LB:                    1.7500 - 1.9000


     Information for the period January 20 - 24, 2020, 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