MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  July 20, 2017 (REPORT 29)                          

NONFAT DRY MILK - WEST  

F.O.B spot prices for low/medium heat nonfat dry milk (NDM) are mixed 
on the range and steady on the mostly price series. Some 
manufacturers are not selling at prices on the lower end of the 
range. Their inventories are building up as they are taking the wait 
and see approach hoping for prices to improve. The market undertone 
is steady to weak. Production is regular. Domestic sales are steady. 
Demand from Mexico is picking up due to their lower NDM supplies. 
High heat nonfat dry milk prices are steady at the bottom of the 
range and higher at the top. Production is irregular and mainly based 
on contractual obligations. Supplies are limited, and demand is 
stable. At the GDT Event 192 on July 18, skim milk powder (SMP) 
prices across all contract periods averaged $0.9181 per pound, down 
3.2 percent from the last event.

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:    .8050 - .9600   MOSTLY:   .8700 - .9200      
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