MD_DA640 DA MD DA640 Nonfat Dry Milk - West MADISON, WI. October 29, 2015 (REPORT 43) NONFAT DRY MILK - WEST Prices for low/medium heat nonfat dry milk are lower in a unsettled market. Spot sales are less active. According to some brokers, the resale market is also quiet. Some end users are waiting to buy, anticipating lower prices in the near future. However, the NDM demand from the bakery sector is still active. Low/medium heat NDM processing is mostly steady. Inventories are mixed. The high heat nonfat dry milk market tone is mixed. At this point, prices are mostly steady. Sales in the spot market are sporadic. Sales based on contract are flat. Production is mostly determined by contractual needs. Inventories are mixed. F.O.B. WEST: Includes EXTRA GRADE and GRADE A LOW/MEDIUM HEAT: .7650 - 1.0200 MOSTLY: .8450 - .9250 HIGH HEAT: .9500 - 1.1750 Dairy Market News Reporting Changes Proposal Dairy Market News (DMN) is proposing updating the Dairy Market News Working Guidelines. This proposal is the result of an industry comment period. The updates would allow DMN market reports to additionally include information and sales prices reported by individuals and firms functioning as marketing agents selling on the behalf of dairy product manufacturers. The Working Guidelines updates are intended to capture more information on pricing and market conditions and reflect the evolution of the marketing of dairy products. Currently, market pricing information is collected for first sale, f.o.b. producers' plants or warehouses. The changes would be effective starting with Report 1, January 2016. Comment by October 30, 2015 to: DMN@ams.usda.gov Link to current DMN working guidelines: http://www.ams.usda.gov/market-news/individual-dairy-market-news- commodity-reports 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