Nonfat Dry Milk - Central and East
MD_DA650

     Nonfat Dry Milk - Eastern and Central U.S.

     Report 4 - Released on January 24, 2019

     CENTRAL: Although low/medium heat nonfat dry milk (NDM) markets have had a bearish stumble,
     spot trading in the Midwest has failed to get the memo. Reported spot prices continue to
     trade at over $1 in the region. Recently produced loads are still hard to come by, and some
     suppliers report being sold out through Q1. Even so, trading was a bit slower than last week
     as dairy conferences have taken some industry participants out of the trading picture this
     week. Regionally, market tones are holding firm, but as markets have slid some this week,
     there is some uncertainty for the near term. High heat NDM is tight, thus light spot trading
     activity was reported. Most high heat NDM is contractually obligated.
     EAST: Low/medium heat nonfat dry milk prices are trending higher on both ends of the range
     and at the top of the mostly price series. Inventories are generally minimal to in
     equilibrium. Therefore, processors are focusing their production schedules on first
     fulfilling contractual orders before serving spot buyers. Several industrial facility
     managers plan on producing more Low/medium heat nonfat dry milk for storage whenever
     possible, but right now they don�t have the time and milk necessary to do that. Spot trading
     is also restricted as purchasers wait to see in which direction the prices will move. High
     heat nonfat dry milk prices are stable. Production is done as needed; therefore, there is
     not a lot of stocks on hand. In addition, spot sales are low, so inventories are, for the
     most part, sufficient to meet demand. Overall, the market is in good balance.
     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:                 .9500 - 1.0400
     Mostly Range - Low & Medium Heat; $/LB:                .9800 - 1.0350


     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 - 1.1200


     Information for the period January 21 - 25, 2019, issued weekly

     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: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home