MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  December 22, 2016 (REPORT 51)                      

NONFAT DRY MILK - WEST                                           

Western low/medium heat nonfat dry milk (NDM) f.o.b. spot prices 
shifted up on the range and are steady to higher on the mostly 
series. Spot trading is light to moderate. Demand from hot 
chocolate dry mix manufacturers is seasonally good. Currently, 
NDM production is ongoing and expected to be higher as many 
balancing plants will be actively drying through the upcoming 
holiday weekend. Therefore, inventories are growing, but are 
highly committed throughout the end of the year. At this point, 
NDM processors are holding stocks and limiting tenders in the 
spot market, anticipating higher prices in the near future. 
Consequently, some buyers/end users are having some difficulty 
finding NDM spot loads. The demand from Mexico is active but 
manufacturers' offers are limited. High heat NDM prices are 
higher. Production is sporadic, mostly dictated by contractual 
requirements. Spot trading is light as inventories continue to 
be tight in most processing plants.  

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:     .9500 - 1.0700   MOSTLY:   .9800 - 1.0200    
HIGH HEAT:          1.0550 - 1.1500                              





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