MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  June 29, 2017 (REPORT 26)                          

NONFAT DRY MILK - WEST 

Western low/medium heat nonfat dry milk (NDM) prices shifted down on 
both ends of the price range and the mostly price series. Various 
f.o.b spot prices and price basing indices moved lower this week. The 
market tone is unsettled. However, some industry participants believe 
that the market is starting to show signs of fundamental correction. 
Some contacts report that not many spot sales are taking place at 
prices on the low end of the range. However, variably priced 
contracts are being fulfilled as scheduled. Demand for NDM is mainly 
steady, although ice cream manufacturers are taking on a few more 
loads. Spot sales are fair. Production is regular, and inventories 
are still at elevated levels. High heat nonfat dry milk prices moved 
slightly lower at the bottom of the price range. The market undertone 
continues to be stable. Production is limited, and supplies are still 
tight. Demand is constant and often based on contracts. Spot trade 
activities are light, and interest from bakers is active. 

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:    .8100 -  .9500   MOSTLY:   .8500 - .9300      
HIGH HEAT:          .9800 - 1.0700            

1100CT Florence.KoneGonzalez@ams.usda.gov 608.422.8594
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