MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  November 03, 2016 (REPORT 44)                      

NONFAT DRY MILK - WEST                                           

F.O.B. spot prices for western low/medium heat nonfat dry milk 
(NDM) are slightly lower on the range, following declines in 
various indices. However, prices on the mostly series are mixed. 
Outside contracts, sales transactions are light. For many 
industry participants, the market undertone is unsettled. Some 
buyers/end users are quiet, delaying purchases, anticipating 
lower prices in the next few weeks. Meanwhile, some processors 
remain confident about higher future prices. Low/medium heat 
supplies are readily available in the spot market. Demands from 
bakers and dry mix manufacturers are fair to good as the year-
end holidays and the winter season are close. Some market 
participants are in contract negotiations for Q1, 2017. Drying 
schedules of low/medium heat NDM are active in most processing 
plants. Inventories are steady to slightly higher. Prices for 
high heat nonfat dry milk are mixed as a few spot sales shifted 
down the bottom of the range. Production is irregular, based on 
contractual requirements. Inventories are tight. As a result, 
spot trading activity is light. 


F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:    .8000 -  .9800   MOSTLY:   .8900 - .9600      
HIGH HEAT:          .9550 - 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