MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  August 18, 2016 (REPORT 33)                        


NONFAT DRY MILK - WEST                                           

The Western prices for low/medium heat nonfat dry milk (NDM) are mixed. With 
multiple transactions taking place in the region this week, prices in the 
range series inched higher at the bottom, but held steady at the top. The 
mostly series saw f.o.b. spot sales adjust prices higher at the bottom, 
while continuing steady at the top. The market undertone remains unsettled. 
Low/medium heat NDM production volumes closely parallel the declining milk 
production. Overall, domestic demand is fair to good, as traders and end 
users replenish stocks. International interest is fair to good, but market 
participants are concerned that export markets may become limited, subject 
to factors based on global milk supply. High heat NDM prices are mixed, as 
prices dropped notably at the bottom of the range, the results of volume-
based f.o.b. spot sales. Production remains intermittent. The market 
currently reports tight inventories. Buyer needs are light to moderate with 
transactions carried out primarily through contracts. 

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:    .8000 -  .9200   MOSTLY:   .8650 - .9000      
HIGH HEAT:          .9000 - 1.0500                               

1100CT daniel.johnsonh@ams.usda.gov 608-557-7006
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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