MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  April 16, 2015 (REPORT 15)                         

NONFAT DRY MILK - WEST                                           

Western low/medium heat nonfat dry milk prices are lower across the 
range and mostly price series. The market tone is weak. On the F.O.B. 
spot market, many buyers are concerned about buying NDM too far ahead 
of just in time needs on a declining market. However, a few large 
volume end users purchased NDM to carry them through a portion of the 
year. One or two manufacturers cleared blocks of loads via the F.O.B. 
spot market at the end of last week, temporarily lowering inventories. 
NDM low/medium production is active in the Western region. 
Manufacturing milk supplies are building in some areas, but flattening 
in other areas. Plant operators report intakes are still within plant 
capacities. Low/medium heat nonfat dry milk inventories are building. 
High heat nonfat dry milk prices are lower. Contractual sales 
represent a large portion of weekly transactions. High heat NDM 
production is occurring at one end of the week or the other to 
accommodate dryer time spent on low/medium heat NDM.

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:     .8725 - 1.0600   MOSTLY:   .9200 - .9950     
HIGH HEAT:          1.0425 - 1.2100                              

1100CT Janet.Linder@ams.usda.gov (608)557-7003
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/portal/da