MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  October 13, 2016 (REPORT 41)                       

NONFAT DRY MILK - WEST                                           

Western low/medium heat nonfat dry milk (NDM) prices are lower. 
Trading activity outside contracts is light. The market 
undertone is mixed. On one end, buyers/end users think the 
market is slowly softening. Therefore, they are taking a wait 
and see approach, holding off their purchases, anticipating 
lower prices in the next few weeks. At the other end, 
manufacturers maintain the NDM market is well balanced and 
prices will improve during Q4. Demand from bakers is active. 
Requests from Mexico are lower this week. Low/medium heat NDM 
production is steady at most processing facilities. Inventories 
are steady to slightly higher. High heat nonfat dry milk prices 
are mixed. Manufacturers are scheduling high heat NDM production 
sporadically to stay ahead of contract fulfillment needs. Spot 
trading is light as inventories continue tight. 

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:    .8150 - 1.0100   MOSTLY:   .9100 - .9550     
HIGH HEAT:          .9900 - 1.1050                               


1100CT Angel.Teran@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-home