MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI. August 6, 2015 (REPORT 31)                           

NONFAT DRY MILK - WEST   
Low/medium heat nonfat dry milk prices are mixed on the range but 
steady to lower on the mostly price series. Spot market undertone for 
low/medium heat NDM is weak. Some brokers are reporting a very quiet 
market activity. Other resellers are waiting and studying the market 
before make any purchases. Some manufacturers note a considerable 
decrease in production. Others producers report adequate domestic 
sales but a decrease in exports. Low/medium NDM inventories are 
steady to higher. At the CME Group, Grade A nonfat dry milk closed 
Wednesday at $.7200, down $0.0025 compared to a week ago. High 
heat nonfat dry milk prices are steady to lower. The market tone is 
weak and mostly based on contracts. The activity in the spot market 
is slow. Some producers are not processing at this moment. The demand 
is irregular. Inventories levels are mixed. The July 2015 Dairy 
Market News monthly average for the West low/medium heat nonfat dry 
milk mostly series is $0.8203 compared to $1.8145 a year ago. The 
average for Western high heat nonfat dry milk is $1.0048 compared to 
$1.9074 a year ago. DAIRY PRODUCTS:  According to NASS, U.S. 
production of human food nonfat dry milk during June 2015 totaled 
164.4 million pounds, 10.6% higher than a year ago but 8.8% less than 
the previous month. The West region's production totaled 108.3 
million pounds, 12.7% more than a year ago, but 6.8% less than the 
previous month.

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:    .6450 - .8500   MOSTLY:   .6800 - .7500      
HIGH HEAT:          .8825 - .9700                                


1100CT Angel.Teran@ams.usda.gov (608) 557-7011
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: www.marketnews.usda.gov/portal/da