MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  March 31, 2016 (REPORT 13)                         

NONFAT DRY MILK - WEST                                           

Low/medium heat nonfat dry milk (NDM) prices are lower. The market 
undertone is still weak. Demand is sluggish. According to some 
industry participants, there are numerous offers from manufacturers 
to brokers. Sales in the f.o.b. spot market have been quiet 
throughout the week. Some buyers/end users are in a wait and see 
attitude, anticipating lower prices in the near future. In general, 
low/medium heat production is active in the West as heavy milk 
volumes continue clearing into dryers. At this point, inventories are 
steady to building. High heat nonfat dry milk prices are steady. 
Demand from bakers is weakening. Sales are slow, mostly driven by 
contractual needs. Production is sporadic. Inventories are unchanged 
from last week. 

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:    .6600 - .7950   MOSTLY:   .7150 - .7575      
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-home