MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  December 15, 2016 (REPORT 50)                      

NONFAT DRY MILK - WEST                                           

Prices for western low/medium heat nonfat dry milk (NDM) are 
mostly higher, mirroring upward movements on various indices. 
The market undertone is unsteady for some buyers/end users, but 
firmer for many manufacturers. According to some industry 
participants, higher international SMP pricing is boosting 
domestic prices. NDM production is ongoing as heavy condensed 
skim volumes continue clearing into dryers. Inventories are 
steady to higher, but are highly committed thru the end of the 
year. In addition, some processors are holding stocks instead of 
selling, anticipating stronger prices in the short term. 
Therefore, sales activity in the spot market is light to 
moderate. Prices for high heat NDM are higher on light trading. 
Production is irregular, driven by contractual needs. 
Inventories continue to be tight in most processing facilities.  


F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:    .9150 - 1.0500   MOSTLY:   .9800 - 1.0000    
HIGH HEAT:          .9950 - 1.1400                               




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