MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  January 22, 2015 (REPORT 3)                        

NONFAT DRY MILK - WEST                                           

Prices for Western low/medium heat nonfat dry milk again moved 
lower as both spot pricing and index based sales moved 
downwards.  The market undertone remains weak.  Production of 
low heat is moderate to heavy as processors work through 
seasonally heavy milk supplies.  Buyer interest is light to 
moderate.  Export demand is beginning to improve to existing 
accounts that are finding pricing points more palatable.  
Offerings are available from producers and from the resale 
market.  The CME weekly average last week was $.9615, down 
$.0360 from the prior week.  

Western high heat prices continue to decline.  Market activity 
is often limited as buyers are cautious at current levels.  
Seller are not giving much discounts as they often don't have a 
lot of extra that needs to move.  Offerings remain light as 
production needs favor making low heat NDM.  Holdings of high 
heat are mostly light to moderate with product in place to 
service future needs.  

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:    .9000 - 1.0950   MOSTLY:   .9200 - 1.0100    
HIGH HEAT:          1.0100 - 1.1500                              


1100CT Butch.speth@ams.usda.gov and Janet.Linder@ams.usda.gov 
608.278.4152
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: 
www.marketnews.usda.gov/mnp/da-home