MD_DA640                                                         
DA                                                               
MD DA640 Nonfat Dry Milk - West                                  

MADISON, WI.  September 14, 2017 (REPORT 37)                        

NONFAT DRY MILK - WEST 

In the West, prices for low/medium heat nonfat dry milk (NDM) are 
lower at both the bottom of the range and the bottom of the mostly 
price series. Stocks are up. Most end-users/buyers are only 
purchasing NDM as needed. NDM is flowing well to Mexico, but the 
Mexican market is mostly interested in lower priced NDM. Competition 
with the European skim milk powder remains intense. The market 
undertone is unsettled as prospective buyers and sellers are not 
confident in their current positions. Contacts suggest that some 
processors are getting ready for their next year contracts. Prices 
for high heat nonfat dry milk are steady on the range. The market 
undertone continues to be firm. Inventories are tight with sporadic 
spot market activity. Production is mostly limited to contractual 
needs.

F.O.B. WEST:  Includes EXTRA GRADE and GRADE A                   
LOW/MEDIUM HEAT:     .7900 -  .9200   MOSTLY:   .8500 - .9000      
HIGH HEAT:          1.0000 - 1.0650                              

U.S. NDM Exports, H.S. Code 0402100000(FAS)
                 2017 Exports      % Change From 
                 (Million Lb.)       1 Year Ago

July Total              93.1           - 12
TOTAL, JAN - JULY      772.5           + 15
 1 Mexico              359.3           + 23
 2 Philippines          99.6            - 1
 3 China                48.2           + 88
 4 Indonesia            40.1           - 36
 5 Malaysia             36.3           + 23
                     
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