MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  December 17, 2015 (REPORT 50)                      

NONFAT DRY MILK - WEST                                           

Low/medium heat nonfat dry milk (NDM) f.o.b. spot prices are slightly 
higher to steady as some prices adjust to movement on the CME Group 
and various indices. Currently, the market undertone is unsettled. 
According to some industry participants, the resale market has been 
quiet. Some buyers/end users are still waiting, anticipating lower 
spot prices in the near future. On the other hand, some processors 
note an uptick in spot sales. NDM drying schedules are steady. 
Inventories are unchanged to building. Exports to Mexico are active. 
High heat nonfat dry milk f.o.b. spot prices are lower. The market 
undertone is steady to weaker. Demand from bakers is waning. Spot 
sales have been slow. Production is steady based on contractual 
needs. Inventories are steady to higher. 

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:    .7150 -  .8500   MOSTLY:   .7600 - .7900      
HIGH HEAT:          .8400 - 1.1200                               
                     


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