MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI. July 23, 2015 (REPORT 29)                           

NONFAT DRY MILK - WEST   

Low/medium heat nonfat dry milk prices are lower in the range 
and the mostly price series. Outside of contracts, the demand 
for nonfat dry milk is sluggish in the spot market. According to 
some manufacturers, there is some export activity to Mexico 
occurring this week. Domestic buyers are looking for discount 
prices and are willing to wait for a decrease in the prices 
offered. The production of NDM is lower this week. Inventories 
are building. At the CME Group, Grade A nonfat dry milk closed 
Wednesday at $.7400, down $0.0050 compared to a week ago. High 
heat nonfat dry milk prices are lower to steady. High heat NDM 
sales are sporadic. Some manufacturers report a decrease in 
sales compared with the previous week. Production is steady to 
lower, depending on contractual needs.
F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:    .6850 -  .8900   MOSTLY:   .7000 - .7900      
HIGH HEAT:          .9700 - 1.0300   


1100CT Angel.Teran@ams.usda.gov (608) 557-7011
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