MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI. September 10, 2015 (REPORT 36)                           

NONFAT DRY MILK - WEST   

Western low/medium nonfat dry milk prices are higher in a 
firming market. Sales are active in the f.o.b. spot market. 
Current sales activity at the CME Group is encouraging the 
interest of buyers, who are expecting higher prices in the 
future. Low/medium NDM production is steady to higher. Some 
processors are drying more condensed skim as they are expecting 
improving returns. Inventories are slightly building. High heat 
nonfat dry milk prices are higher. The demand from baking 
manufacturers is slightly higher as fall baking season is close. 
The market tone remains unsettled. High heat NDM production is 
irregular. Inventories are mixed. The August 2015 Dairy Market 
News monthly average for the West low/medium heat nonfat dry 
milk mostly series is $0.7121 compared to $1.6629 a year ago. 
The average for Western high heat nonfat dry milk is $0.8741 
compared to $1.8181 a year ago. DAIRY PRODUCTS:  According to 
NASS, U.S. production of human food nonfat dry milk during July 
2015 totaled 155.1 million pounds, 6.9% lower than a year ago 
and 6.0% less than the previous month. The West region's 
production totaled 100.9 million pounds, 11.3% lower than a year 
ago, and 6.8% less than the previous month.


F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:    .7600 -  .8900   MOSTLY:   .7750 - .8150      
HIGH HEAT:          .7950 - 1.0000                               



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