MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  March 24, 2016 (REPORT 12)                         

NONFAT DRY MILK - WEST                                           

Prices for low/medium heat nonfat dry milk (NDM) are mixed on the range, but 
steady on the mostly series. At this point, the market undertone is weak and 
quiet. Demand from the baking sector is waning. Compared to the previous 
week, sales in the f.o.b. spot market are lower. Production is mostly flat. 
Inventories are mixed throughout the region. Some processors are selling 
condensed skim loads in the spot market instead of drying it. In addition, 
ice cream makers are pulling fair amounts of condensed skim, making it less 
available for drying. However, some processors indicate that NDM inventories 
are readily available in the market. Prices for high heat nonfat dry milk 
are steady on light trading. Production is irregular, driven by contractual 
needs. Inventories outside contracts are slightly tight. 

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:    .6775 - .8100   MOSTLY:   .7200 - .7650      
HIGH HEAT:          .8400 - 1.1025                               

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: http://www. marketnews.usda.gov/mnp/da-
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