MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  March 26, 2015 (REPORT 12)                         

NONFAT DRY MILK - WEST                                           

Prices for low/medium heat nonfat dry milk are lower on a weak market. 
There is an uptick in interest from resellers and end users in contracting 
for all terms, including 3 months, 6 months, and balance of the year. 
Current demand from offshore buyers, aside from Mexico, is modest as US 
dollar based prices are often more expensive compared to products based on 
other currencies such as the euro. Low/medium heat NDM manufacturers are 
actively managing inventories. Those with near term commitments are 
focusing on fulfilling those commitments, while other producers are 
trickling FOB spot offers to the market on a weekly basis. Milk production 
is edging higher in most Western states, prompting increasing low/medium 
heat NDM output from week to week. High heat nonfat dry milk prices are 
unchanged to lower on a quiet market. Contract loads are clearing 
regularly. Moderate interest is clearing intermittent FOB spot offers. 

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:     .9250 - 1.1350   MOSTLY:   .9650 - 1.0550    
HIGH HEAT:          1.1050 - 1.2400   

1100CT 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