MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  
      
MADISON, WI.  July 27, 2017 (REPORT 30)                          

NONFAT DRY MILK - WEST  

F.O.B spot prices for Western low/medium heat nonfat dry milk (NDM) 
are lower at the top of the range and steady on the mostly price 
series. The market undertone is unsettled. NDM is moving well within 
contracts. Sales are steady in the spot market. Industry contacts 
report strong commercial sales to Mexico. With the dollar being 
weaker, the Mexican market has a higher buying power. NDM inventories 
are abundant and continue to buildup. Reports suggest that some 
manufacturers are not eager to sell their stocks as they expect the 
market to firm up in a couple of weeks when educational institutions 
reopen. Production is seasonally lower due to lower milk output. 
Western high heat nonfat dry milk f.o.b spot prices are stable on 
light trading. The market undertone is firm as demand continues to be 
above current stocks. Production is irregular and in line with 
contractual needs. Spot sales are light.

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:    .8050 - .9400   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