MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  December 29, 2016 (REPORT 52)                      

NONFAT DRY MILK - WEST                                           

Prices for low/medium nonfat dry milk (NDM) adjusted higher at 
the top of the mostly pricing series on light f.o.b. spot 
trading. Along with heavy holiday milk intakes, sluggish 
condensed sales encourage very active low/medium heat NDM dryer 
schedules. In general, inventories appear to be well balanced. 
Sources report strong domestic sales. International customer 
orders are active. As well, increasing interest from Mexico for 
both new and aged product has been an impetus for some traders 
to take on extra NDM volumes. A majority of sellers are looking 
to January for a better indication of how sales will materialize 
in 2017. The market undertone continues to show strength. High 
heat nonfat dry milk prices are steady to higher. Production is 
intermittent, as some producers schedule runs to catch up with 
orders this week.
 
F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:     .9400 - 1.0700   MOSTLY:   .9800 - 1.0500    
HIGH HEAT:          1.0550 - 1.1650                              


1100CT Daniel.Johnson@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